Triangles Everywhere

This is unfolding as I chart it. Look for breakout of large triangle. Watch for fake-outs...there are many shadows on the highs and lows...a lot of volotility with the large volume. Big gain opportunity.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

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There are many ways this can unfold. I just listed a few potential paths. It still needs to reconcile to the 618 FIB level, so I wouldn't be surprised with the path to the strong support zone noted. It's best for allowing higher movement in the long run anyway. Watch your indicators and keep an eye out for fake-outs. Give margin between resistance zones and your buy-in if you decide to jump in.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

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It took the Blue path. RSI is good & MACD will conform. Let's see if the volume will drive it past these resistance zones after the refresh to the 618 FIB.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

Bình luận:

Updated with possible tracks. A triangle has formed. Watch for the breakout. With the resistance close above, it would be a small profit trade if you buy below them.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

Bình luận:

A pennant pattern has formed. No real slope to it, so the pattern doesn't give an indication of breakout up or down. If it goes up, it may get the boost it needs to break the wide resistance zone and head toward the previous high...and beyond. If you want to tac on some more coins, above the resistance zone would be a good opportunity since it will have a little room to run.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!