Let's start off at a positive note, the bullish symmetrical triangle (yellow). For teaching and learning purposes, a symmetrical triangle that start with a high is normally bullish and same goes for a bearish symmetrical triangle but starts on a low(blue).
As you can see it can go either way based on the plotted chart so what we need to look for is a high volume...
I'm noticing a pitchfork trend forming during the past 5 months of this bull run. Pitchforks can be invalidated by sustaining a trend change. I'd say there's a high chance that this will eventually be invalidated by trending at a higher angle.
this is my 8th recommendation in the altcoin crypto market for this cycle. as I start every post first let me briefly describe what you are seeing on the chart. In white you can see the price of DCRUSDT , while in black that's the set of technical indicators that I'm using. This set is composed of simple moving averages with the following period...
YOU CAN SET A "BUY STOP LIMIT" ORDER ON THE TRIGGER PRICE !!!
AFTER THAT SELL 50% OF YOUR POSITION ON TP1 AND UPGRADE YOUR STOPLOSS TO YOUR TRIGGER PRICE AND WAIT FOR TP2 OR MORE ... IT MEANS : RISK FREE !!!!
JUST LIKE AND FOLOWFOR MORE ... 8D