XVGUSDT Ascending Triangle Pattern
Here we see the uncommon formation of an ascending triangle. This is a good sign of the continuation of the current trend. Wait for the break out upwards but expect a retrace and bounce of the resistance line. Enter where you like, on the breakout (candle finishing above the upper line) or on the retest depending on how aggressive of a trader you are.
This pattern is considered quite reliable with a 83% success rate in a bull market. This also means it can fail so trade at your risk!!!!
This pattern is considered quite reliable with a 83% success rate in a bull market. This also means it can fail so trade at your risk!!!!
Catatan
Declining volume seems to be allowing the price to leave the pattern for now. I will keep watch over the weekend and we may see some movement by the end of Sunday.Catatan
Pattern broke formation so no longer relevant.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.