In the past, I posted an analysis similar to this setup.
2 targets are shown:
1- if resistance breaks, price will shoot up
2- if trendlines are broken, price will come down
2 targets are shown:
1- if resistance breaks, price will shoot up
2- if trendlines are broken, price will come down
Note
1st trendline broken, now we'll see if 2nd trendline holds and forms into the triangle before it shoots upNote
Nice breakout on the resistanceBroke resistance and retesting along with the 2nd trend line
$22,300 incoming?
tradingview.com/chart/J8jsINwF/
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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.