- It's may be subjective, it could be a symmetrical triangle or Bullish flag also being see quite clear.
- 2 touch already counted and it's near it's apex of the symmetrical triangle. if it's manage to fulfill the pattern. it would take this coin toward $ 0.6 for the next golden fibonacci ratio.
- broke the trend line, i expect bounce in between fibonacci golden ratio
- 2 touch already counted and it's near it's apex of the symmetrical triangle. if it's manage to fulfill the pattern. it would take this coin toward $ 0.6 for the next golden fibonacci ratio.
- broke the trend line, i expect bounce in between fibonacci golden ratio
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Indicators :
DMI : -DI (Seller Strength) is spiking up and +DI (buyer strength) is plummeted. ADX (momentum strength) is relative strong above (25)
MFI : going downward on bearish area below 40 and ready to touch oversold level.
MACD : Macd Line is going toward bearish area and recent seller histogram is spiking higher than previous seller histogram.
Indicators :
DMI : -DI (Seller Strength) is spiking up and +DI (buyer strength) is plummeted. ADX (momentum strength) is relative strong above (25)
MFI : going downward on bearish area below 40 and ready to touch oversold level.
MACD : Macd Line is going toward bearish area and recent seller histogram is spiking higher than previous seller histogram.
- if it managed to hold upper resistance level is a good sign for bullish trend,
- there's also a possibility to retrace back inside the triangle again to test it's trend line before doing the impulse movement in short future.
- Invalidate this chart if the price action manage to broke down the trendline which is a bad sign for bullish trend.