Meta, time to enter?Hi everyone!
Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry.
Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to the breakout point and we get the target price of 670$
Caution: If the price fall back to the triangle, this analysis is not valid anymore.