The price consolidates in a range after an uptrend from 0.91806. There are multiple ideas to consider here which are; Symmetrical triangle and Rectangle pattern. A symmetrical and Rectangle triangle are non-bias patterns that their next price direction are only proven until a breakout occur. In short, we go long if the price breaks above both patterns and we go short if the price breaks below both patterns.
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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.