BreakingGood

BONK Breakout and Retest Descending Triangle Upper Trend Line

Long
I opine price action has broken out of the descending triangle upper trend line, back tested support and holding. The depicted daily chart shows the trendlines and measured move target price. The breakout and successful retest is congruent with the 15 day cycle, bottom to top that is playing out for the 4th time as of this writing. Check it out and feel free to add a comment. I'm still learning. Peace

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.