Hello Traders!
This chart looks so amazing where we can see an expanding triangle inside a Bigger expanding triangle.
This is a moment where many are waiting for the 50K price, but now there is a big chance that the market will drop to the support level. The bigger problem for the buyer is that I have detected an untested trendline and the market never leaves a trendline untested. There are certain scenarios where the market leaves the trendline untested because of the trendline angle where it makes it impossible to hit back.
Most of the expanding triangle moves in ABCDE formation. In this case, both completed the D formation and now Market is heading for the 'E'.
Don't be surprised if you see an instant crash after the support area as the final wave of expanding triangle remains and the untested trendline is yet to be tested.
Don't forget to hit the like button and follow to stay connected.
This chart looks so amazing where we can see an expanding triangle inside a Bigger expanding triangle.
This is a moment where many are waiting for the 50K price, but now there is a big chance that the market will drop to the support level. The bigger problem for the buyer is that I have detected an untested trendline and the market never leaves a trendline untested. There are certain scenarios where the market leaves the trendline untested because of the trendline angle where it makes it impossible to hit back.
Most of the expanding triangle moves in ABCDE formation. In this case, both completed the D formation and now Market is heading for the 'E'.
Don't be surprised if you see an instant crash after the support area as the final wave of expanding triangle remains and the untested trendline is yet to be tested.
Don't forget to hit the like button and follow to stay connected.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.