Potential rounding bottom and ascending triangle is forming. EMA 200 on 4H serves as the horizontal resistance of the triangle. Possible reversal of trend if the triangle pattern completes breakout.
Trade closed: target reached
Breakout confirmed. Textbook target around 0.0000193 (height of the triangle) also reached.
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.