ANALYSIS 🔎
- ONTUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- The ascending triangle has one horizontal resistance and two inclined supports : inclined support 1 (inner) and inclined support 2(outer).
- Price action is currently bounded between the horizontal resistance and inclined support 1 (inner).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support 1 (inner).
- This setup invalidation will lead to a retest of the inclined support 2 (outer).
- ONTUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- The ascending triangle has one horizontal resistance and two inclined supports : inclined support 1 (inner) and inclined support 2(outer).
- Price action is currently bounded between the horizontal resistance and inclined support 1 (inner).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support 1 (inner).
- This setup invalidation will lead to a retest of the inclined support 2 (outer).