Symmetrical Triangle (A-B-C-D):
The chart forms a well-defined triangle with lower highs and higher lows, which usually indicates a consolidation phase.
The breakout has occurred at point D, suggesting strong bullish momentum after a period of indecision.
Measured Move:
The yellow line projecting upwards likely represents the target based on the triangle's...
From the provided chart, it appears that we are analyzing Bitcoin (BTC/USDT) using harmonic or geometric patterns. Here's a breakdown of what the chart suggests:
Key Observations:
Triangle Pattern:
The chart highlights a symmetrical triangle formation, which typically signifies consolidation before a breakout.
The price is nearing the apex of the triangle,...
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symmetrical triangle is almost finish, will see...
