SHIBUSD Symmetrical Triangle about to Break Out - Up or Down?
Hard to tell which way this will break... the MACD and RSI which are not shown here indicate it may break down for a short term... I'm long Shib overall... it has a long way to go to get back to a "good range" for me.
"Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point."
"Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point."
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