Moonsie Indicator:
Top of the inverted triangle to the bottom of the inverted triangle = - $310
Right corner of the lower part of the inverted triangle to the top of the inverted triangle = + $285
Addition: $310 + $285 = $595
Multiply $595 by the decline percentage 75%:
$595 x 0.75 = $446
Add $446 to the breakout, which is the upper resistance line of the inverted triangle (around $135) = $135 + $446 = $581 = target.
Target date: period from top to bottom (+/- 49 days in this case) divided by 2 = approx. 25 days.
Top of the inverted triangle to the bottom of the inverted triangle = - $310
Right corner of the lower part of the inverted triangle to the top of the inverted triangle = + $285
Addition: $310 + $285 = $595
Multiply $595 by the decline percentage 75%:
$595 x 0.75 = $446
Add $446 to the breakout, which is the upper resistance line of the inverted triangle (around $135) = $135 + $446 = $581 = target.
Target date: period from top to bottom (+/- 49 days in this case) divided by 2 = approx. 25 days.
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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.