When the contracting triangle was broken before, it made a regular 5 wave elliot rise. Should we expect to break this triangle to up again? And i'm wondering about this schiff pitchfork will work or not.
This is not a financial advise.
- TXA/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- We could be on the...