MINAUSDT is testing the resistance

13 เม.ย. 2023

MINAUSDT is testing the 4-hour resistance after a breakout from a triangle pattern.

A triangle pattern is a technical chart pattern formed by drawing two converging trendlines connecting a series of lower highs and higher lows. The pattern can be symmetrical, ascending, or descending. Typically, the triangle pattern is characterized by decreasing trading volume and volatility as the price moves closer to the tip of the triangle. A clear breakout from the triangle pattern with significant volumes can be a strong indication of the direction of the next price move.

According to Plancton's Rules, if the price of MINAUSDT creates a clear breakout from the $0.775 area, it may suggest a bullish trend, with the next target being a retest of the 0.618 Fibonacci level. Traders could consider entering a new long position with the expectation of a continued uptrend.

14 เม.ย. 2023

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