PEOPLE is currently showing a bullish breakout from a Symmetrical triangle resistance on the daily chart, accompanied by increasing volume.
Technical Highlights:
-Pattern: Symmetrical triangle formation that has been developing since early May.
-Breakout: We can confirm the breakout once the day's candle closes above the trend resistance line
-Moving Averages: Trading above the 50 EMA and 100 EMA.
-Volume: Noticeable spike in buying volume, confirming breakout strength.
If bullish momentum sustains above the breakout zone, we could see a 50-100% bullish move coming weeks.
Stop loss : $0.0185
Resistance 1: $0.0255
Resistance 2: $0.0305
Resistance 3: $0.0430
Cheers
Hexa
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
Technical Highlights:
-Pattern: Symmetrical triangle formation that has been developing since early May.
-Breakout: We can confirm the breakout once the day's candle closes above the trend resistance line
-Moving Averages: Trading above the 50 EMA and 100 EMA.
-Volume: Noticeable spike in buying volume, confirming breakout strength.
If bullish momentum sustains above the breakout zone, we could see a 50-100% bullish move coming weeks.
Stop loss : $0.0185
Resistance 1: $0.0255
Resistance 2: $0.0305
Resistance 3: $0.0430
Cheers
Hexa
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.