A lot of coins are setting up like this and after 7 weeks of red, I think the triangle will break out upward. The indicators are in a uptrend weighing more in favor of an upward move.
Note
possible target after breakout
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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.