The symmetric triangle pattern is seen after the bulls successfully broke the critical support around $3.0 yesterday.
The uptrend is likely to be continued where the first target is the latest higher high at $3.98.
If the triangle is broken out, such a scenario is possible to happen in the next few days.
The buying position can be done now with a strict stop loss below the critical support of $2.9.
At the current price $3.10, it provides 7% loss : 28% profit ratio.
The uptrend is likely to be continued where the first target is the latest higher high at $3.98.
If the triangle is broken out, such a scenario is possible to happen in the next few days.
The buying position can be done now with a strict stop loss below the critical support of $2.9.
At the current price $3.10, it provides 7% loss : 28% profit ratio.
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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.
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.