Does this asset break out of the triangle upward? If you look at higher time frames, there is still a possibility of good growth. My quick idea uses just 2% of my balance for a possible return of over 6%. RR 3,31
Trade active
Trade active
Is this a Cup with Handle Pattern? If so, the Target may be around 0.06520
Trade active
As we can see, the price has increased by the size of the base of the yellow triangle, laid down from the breakout point. We can assume that the first goal has been achieved with RR 2. Conservative traders can take profits at this level.
Trade closed: target reached
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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.