CRO symmetrical falling Triangle, possible breakout inc
Hello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might form a downtrend for the future, falling to the levels in the chart.
Remember, this is not financial advise,but rather my own idea on how it CAN play out!
TP 1: 0.398
TP 2: 0.42
Remember to use SL, always!
Happy Trading,
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.