GOBTC (GOCHAIN) - POTENTIAL BREAKOUT

ANALYSIS 🔎
- GOBTC is printing a falling wedge pattern.
- This is a reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- Price action is printing a symmetrical triangle pattern at the test zone.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and symmetrical triangle's inclined resistance (simultaneous breakout).

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Horizontal resistance level (R4).

SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
- This breakdown invalidation would probably lead to a test of the swing low support level.
- Further breakdown will lead to the retest of falling wedge's support.