Hello guys ,Today i saw an interesting ascending triangle on Chiliz and i thought it will be a good setup.
the price is on the bottom of the triangle and if it doesn't break it you can do this scenario.
open your position between 0.2200 and 0.2300 after break out.
first target is 0.16500.(it's safe to close your position)
put your stop loss above 0.2600.
but if it's going to break the Support line, you can wait for funda analysis because it will be so bearish.
i may edit this analysis because of funda , check this later.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
the price is on the bottom of the triangle and if it doesn't break it you can do this scenario.
open your position between 0.2200 and 0.2300 after break out.
first target is 0.16500.(it's safe to close your position)
put your stop loss above 0.2600.
but if it's going to break the Support line, you can wait for funda analysis because it will be so bearish.
i may edit this analysis because of funda , check this later.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.