BCN symmetrical triangle (pennant web) First target 45 + 80%

Updated

After the breakdown of the downward secondary trend line, a symmetrical triangle has formed, which, in case of breakdown upwards, can act as the canvas of the ascending pennant. The goals of the triangle and the pennant are completely different. It will be worked out during the breakdown or only the goal of the triangle or the ascendant pennant can only be judged on the volume of the buyer during the breakdown13

The coin is very manipulative, in more detail I described everything in the previous trading idea for this coin, which I attached to the description of this trading idea. I will not repeat.

ENTRANCE
If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.

TARGET.
Triangle target + 45%
Pennant target + 80%

Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.

Order cancelled

The symmetrical triangle was broken down. Entry point is not reached (breakthrough and price fixing above the downtrend triangle up). We are waiting for a new entry point to the market.

Note

Concave local bottom. Important resistance and price reversal zone.

Note

There was still no entry point. The downtrend continues. Faith is finally killed in the holders.

Note

Break of the downtrend line. Concave bottom. Trend reversal.

Note

The previous breakout was false. Perhaps this time everything will be different. Coin casino as there is no liquidity

Note

+ 140% 1 wedge break target achieved. The momentum develops

SpartaBTC

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