Ascending Triangle Breakout

20 May

This chart shows a clear ascending triangle breakout on the weekly timeframe

Strong resistance around $13, tested multiple times (red arrows).
Rising trendline support (green arrows), forming the ascending base.
A large volume surge (highlighted by orange arrow) on the breakout candle, validating institutional interest and confirming the pattern.
The measured move projection targets a rally toward $41.28, representing a potential 268% upside from the breakout zone.

This structure suggests a bullish continuation, provided the price holds above the breakout zone ($11.13–$13.00).

20 May

İşlem aktif

Great Breakout with Volume!
Lets Go!

20 May

Not

Dont chase price . Wait for a retest of previous resistance . Overbought on the daily but weekly trend is strong .

22 May

Not

Look at that 5Day
Don't go against momentum

27 May

Not

Price looks to be exhausted in the near term.
Save some for a potential retest of the ascending triangle .

5 Haz

Not

Are you willing to wait ?

17 Haz

Not

Price has found strong support above value gap. If price bounces from this support again and breaks upper resistance price will resume uptrend .
Only a daily close below this support will open doors for ascending triangle retest .

1 Tem

İşlem kapandı: hedefe ulaştı

Market Maker knows we are waiting for that $11.00 area .
Could we be on a verge of a reversal from this point on ? Wedge has broken , RSI sloping up , MACD bullish cross , Stochastic Rising .
Daily gap Filled .
Will make a new update soon!