As posted last night, the bulilsh indicators got validated:
We are now inside an ascending triangle, which tends to breakout to the upside in 70% of cases, with a gain range of 10 - 27%.
If that happens, we will be sitting in another channel, possibly repeating another ascending triangle trade-range, before double-topping roundabout at the previous high.
As I mentioned in my previous post, Justin Sun announced a shill event at Valentine's Day. I could imagine this will serve as a narrative for fomo action, which could lead to irrational swings to the upside (and downside).
Don't forget to set your stop loss!
Happy Trading!
We are now inside an ascending triangle, which tends to breakout to the upside in 70% of cases, with a gain range of 10 - 27%.
If that happens, we will be sitting in another channel, possibly repeating another ascending triangle trade-range, before double-topping roundabout at the previous high.
As I mentioned in my previous post, Justin Sun announced a shill event at Valentine's Day. I could imagine this will serve as a narrative for fomo action, which could lead to irrational swings to the upside (and downside).
Don't forget to set your stop loss!
Happy Trading!