Please See original idea linked below
Apologies, left out a couple details.
This shows the ABCDE wave analysis which formed on the weekly and is the basis for a bullish pennant.
And we all love a good bullish pennant, not so often you see it on weekly charts.
All other explanations in the original idea linked below. Thank you
DISCLAIMER: Not Financial Advice
The end of the week is full of ascending triangles, wolves🔥
That's why catch one more!
There is an ascending triangle on SXPBNB crypto pair.
Previous bearish trend was broken and price started to rise.
Later this formation has been created.
According to Elliott Waves theory all the waves were done and price was heading to the breakout.
Then price broke resistance...
