Thought it was forming a bullish ascending triangle earlier today but, the market is leaning towards rejecting these patterns and bullish patterns aren’t being playing out ($link at $3) and yes I understand both these assets were moving at well over 200% gains in the movement.
Let’s see if this plays out. I’m still looking to take this asset out of the...
This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT very common in markets at a scale we can see.
This DOES occur at microscopic levels but is difficult to capture at those levels.
Most moves are "Linear" growth such as 2.618, 3.618, 4.618, as most of my plots.
But once a while we will see this "...
Re drew some trend lines and was looking at price on too small time frame. Looks like it could bounce around a bit before making another ascending triangle. It we head towards 1.00 things could get interesting. Sold at .65 and will re enter on a retest of the top of triangle if it breaks out later today. Not financial advice!
Oxt broke out of ascending triangle downward and should see support at .56.
Coinbase coins, newly added moved up a lot and had a blow off top to .72.
Potential buy at .56
Let me know your view of this coin.
