In this chart we're looking at TRXBTC on the 1D chart as price has consolidated into an ascending triangle. Price is right at the horizontal boundary around 233. A breakout will be confirmed once price prints a 1D candle above the 237 price line.
This ascending triangle has a price target of around 330 for about a 41% gain.
Price has also broken through the EMA200 and has taken hold above it. This adds to the probability of price continuing higher.
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This ascending triangle has a price target of around 330 for about a 41% gain.
Price has also broken through the EMA200 and has taken hold above it. This adds to the probability of price continuing higher.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Like or comment if you found this idea interesting or helpful in any way!
Cheers!