Coinpedia-Market-Insight

Descending triangle in Tezos

BINANCE:XTZUSDT   Tezos / TetherUS
* Tezos in 1H time frame forms a Descending triangle pattern with respecting the upper trend-line as it's resistance and support near $2.7400.
* The popular opinion on Descending triangle is that, it may be a continuation pattern or a trend reversal pattern.
* If the price breaks the either side of the pattern we see a good move with a retest.
Trade closed: target reached

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