XVGBTC Descending Triangle Broken/A lot of bullish signals.
Updated
As you can see we have a repeated pattern, it goes up, bounces back from resistance, comes to the support, then it breaks descending triangle and goes to resistance again, few days ago, it touched the support, and right now it has broken descending triangle once again which indicates it is heading to upper resistance and possibly breaking this time if we look at the RSI and CCI indicators.
Plus Lagging Span is starting to move upwards, also conversion line is about to cross base line which is bullish signal.
Target point 1 - The top of the cloud - 0.0000012
Target point 2 - Descending triangle Resistance - 0.0000014
Target point 3 - ATH Resistance - 0.0000024
Target point 4 - ATH - 0.000003
Plus Lagging Span is starting to move upwards, also conversion line is about to cross base line which is bullish signal.
Target point 1 - The top of the cloud - 0.0000012
Target point 2 - Descending triangle Resistance - 0.0000014
Target point 3 - ATH Resistance - 0.0000024
Target point 4 - ATH - 0.000003
Trade closed: target reached
Damn that was quick...ATH reached
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.