Ascending Triangle Forming- Bullish
Updated
ABNB really catching my eye here- Big ascending triangle forming on the 2-hour timeframe along with a big falling wedge on the hourly timeframe (See Attached Chart Below). 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 - Bullish
- Bollinger Bands Squeezing (Not Pictured)
- Falling wedge on the hourly timeframe
- MACD cross
- Slight bullish hidden divergence on the RSI
- Sitting right on its 100-day EMA
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Hourly Timeframe-
https://www.tradingview.com/i/RsndBvEd/
Previously Charted-
https://www.tradingview.com/i/zyVnxovi/
- Bollinger Bands Squeezing (Not Pictured)
- Falling wedge on the hourly timeframe
- MACD cross
- Slight bullish hidden divergence on the RSI
- Sitting right on its 100-day EMA
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Hourly Timeframe-
https://www.tradingview.com/i/RsndBvEd/
Previously Charted-
https://www.tradingview.com/i/zyVnxovi/
Comment
PT1 & PT2 Reached ✅Comment
All Price Targets Reached ✅
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