BTC "Ascending Triangle" Breakout
Updated
BTC "Ascending Triangle" Breakout
The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trend line that connects the highs and the lower trend line that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin is in the range of $16370. If the pattern continues, the price of HT might reach the resistance levels of $17600 . If the trend reverses, then the price of HT may fall to $15500
Happy Trading
The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trend line that connects the highs and the lower trend line that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin is in the range of $16370. If the pattern continues, the price of HT might reach the resistance levels of $17600 . If the trend reverses, then the price of HT may fall to $15500
Happy Trading
Trade active
Trade active
Comment
Breakout done
Trade active
Comment
Bitcoin is on FireTrade active
17100+Trade closed: target reached
Related publications
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.