AVAX / TetherUS
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AVAX: FORMING ASCENDING TRIANGLE PATTERN.

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#avax

AVAX

Lets straight into 4h chart ,

An ascending triangle pattern is a bullish continuation chart pattern .Two lines forming pattern which is a horizontal resistance line and a rising support trendline, indicating that buyers are gaining strength as they push the price higher while sellers are unable to break a consistent resistance level.

Trade set up Key Note :

Wait for a clear breakout above the horizontal resistance line.

wait for the confirmation with increasing trading volume .

Enter a long (buy) position after the breakout is confirmed.

Place a stop-loss below the most recent higher low or as your risk reward ratio.

Profit target is to measure the widest distance of the triangle ( beginning) .

Do Your Own Research , #nfa


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