ANALYSIS 🔎
- THETAUSDT is testing the ascending channel support.
- Price action is printing a symmetrical triangle pattern.
- This is a bullish pennant continuation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS🎯
- Previous swing high horizontal resistance (R1).
- Fibonacci extension levels
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and symmetrical triangle's inclined support.
- THETAUSDT is testing the ascending channel support.
- Price action is printing a symmetrical triangle pattern.
- This is a bullish pennant continuation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS🎯
- Previous swing high horizontal resistance (R1).
- Fibonacci extension levels
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and symmetrical triangle's inclined support.