It is apparent that the formation which has now coupled is a descending triangle, there is a smaller one present and a bigger one.
Upon this it can be expected that the coin will move downwards sharply breaking it's most recent support line.
What do you think ? Leave a comment below and a like, to support my content !
Thank you !
Upon this it can be expected that the coin will move downwards sharply breaking it's most recent support line.
What do you think ? Leave a comment below and a like, to support my content !
Thank you !
Note
P.S The text on the chart is supposed to say "SUPPORT" not "RESISTANCE".Sorry for the typo !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.