Symmetrical Triangle - Watching closely
Updated
ABNB forming a big symmetrical triangle but frankly looking quite bullish, will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
- Sitting right on its 20-day EMA
- Bollinger Bands Squeezing (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD cross on the hourly timeframe (See Chart Below)
https://www.tradingview.com/i/zyVnxovi/
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
- Sitting right on its 20-day EMA
- Bollinger Bands Squeezing (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD cross on the hourly timeframe (See Chart Below)
https://www.tradingview.com/i/zyVnxovi/
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Comment
PT1 & PT2 Reached ✅
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