BINANCE:VETBTC   VeChain / Bitcoin
Directional Bias: Bullish
Pattern Type: Non-Directional

This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom. The uphill run phase is after the breakout. For this type of formation to be analyzed an arithmetic scale will need to be used.

Volume description: Volume is typically high at the beginning of each phase and decreases throughout each phase.

Measuring technique: The price target is the descending trendline drawn across the hihgs in the lead-in phase.

Comment: Please let me know in the comments what you think of this idea.
- Especially poeple that might disagree, I would love to hear why.
- I'm just a beginning trader so every sort of feedback will be helpfull.



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