* Ravencoin forms a Symmetrical triangle in 2H time frame.
* Symmetrical triangle occurs when the price consolidates within two trend-lines, where the upper trend-line works as the resistance to the price and the lower trend-line works as support.
* If the price breaks either side of the pattern we can see a healthy move.
* Symmetrical triangle occurs when the price consolidates within two trend-lines, where the upper trend-line works as the resistance to the price and the lower trend-line works as support.
* If the price breaks either side of the pattern we can see a healthy move.
Trade closed: target reached
Breakout of lower trend-line.
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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.