Overview
Structure: Symmetrical Triangle — a long-term descending trendline (lower highs) converging with an ascending trendline (higher lows) since May. Volatility is tightening as price approaches the apex (late August–early September).
Current Price: ± 0.0194
Key Levels:
Resistance: 0.0230 → 0.0250 → 0.0290 → 0.0347 → 0.0435
Support: rising trendline (~0.018–0.0185) → 0.0160 → 0.0135 → 0.0110 → 0.0098 (YTD low)
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Pattern Details
Symmetrical Triangle formed by a descending supply line connecting lower highs from Q4 2024 and an ascending demand line from the May 2025 swing low.
This is a neutral pattern — direction can go either way, with probabilities close to 50/50. Breakout confirmation requires a daily close outside the triangle with increased volume.
Measured move: the initial triangle height is ~0.012–0.014. Adding/subtracting this from the breakout point gives a projected move to:
Upside target: ~0.033–0.035 (aligning with 0.0347 resistance)
Downside target: ~0.007–0.010 (aligning with 0.0098 support zone)
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Bullish Scenario
Trigger:
Daily close above the upper trendline (~0.021–0.022) with strong volume
Possible Path & Targets:
1. 0.0230 (first retest)
2. 0.0250 (minor supply)
3. 0.0290 (major resistance)
4. 0.0347 (measured move target & key historical resistance)
5. Extended run: 0.0435 if momentum continues
Invalidation: close back below 0.021 after breakout. Stop-loss often set just below breakout retest.
---
Bearish Scenario
Trigger:
Daily close below the lower trendline (~0.018–0.0185) with strong volume
Possible Path & Targets:
1. 0.0160
2. 0.0135
3. 0.0110
4. 0.0098 (low; break here could open room to 0.007–0.010 range per measured move)
Invalidation: close back above 0.0185 after a downside break.
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Trade Notes & Risk Management
Symmetrical triangles typically break between two-thirds and three-quarters of the way to the apex — we are currently near that zone. Waiting for confirmation is safer than guessing direction.
Prefer the break–retest–go approach over chasing the first breakout candle.
Use laddered take-profit at horizontal levels and keep risk ≤1–2% per trade.
Be aware of fakeouts near the apex — volume is a key filter.
#PEOPLE #PEOPLEUSDT #ConstitutionDAO #TrianglePattern #SymmetricalTriangle #Breakout #PriceAction #CryptoTA #Altcoin #SupportResistance
Structure: Symmetrical Triangle — a long-term descending trendline (lower highs) converging with an ascending trendline (higher lows) since May. Volatility is tightening as price approaches the apex (late August–early September).
Current Price: ± 0.0194
Key Levels:
Resistance: 0.0230 → 0.0250 → 0.0290 → 0.0347 → 0.0435
Support: rising trendline (~0.018–0.0185) → 0.0160 → 0.0135 → 0.0110 → 0.0098 (YTD low)
---
Pattern Details
Symmetrical Triangle formed by a descending supply line connecting lower highs from Q4 2024 and an ascending demand line from the May 2025 swing low.
This is a neutral pattern — direction can go either way, with probabilities close to 50/50. Breakout confirmation requires a daily close outside the triangle with increased volume.
Measured move: the initial triangle height is ~0.012–0.014. Adding/subtracting this from the breakout point gives a projected move to:
Upside target: ~0.033–0.035 (aligning with 0.0347 resistance)
Downside target: ~0.007–0.010 (aligning with 0.0098 support zone)
---
Bullish Scenario
Trigger:
Daily close above the upper trendline (~0.021–0.022) with strong volume
Possible Path & Targets:
1. 0.0230 (first retest)
2. 0.0250 (minor supply)
3. 0.0290 (major resistance)
4. 0.0347 (measured move target & key historical resistance)
5. Extended run: 0.0435 if momentum continues
Invalidation: close back below 0.021 after breakout. Stop-loss often set just below breakout retest.
---
Bearish Scenario
Trigger:
Daily close below the lower trendline (~0.018–0.0185) with strong volume
Possible Path & Targets:
1. 0.0160
2. 0.0135
3. 0.0110
4. 0.0098 (low; break here could open room to 0.007–0.010 range per measured move)
Invalidation: close back above 0.0185 after a downside break.
---
Trade Notes & Risk Management
Symmetrical triangles typically break between two-thirds and three-quarters of the way to the apex — we are currently near that zone. Waiting for confirmation is safer than guessing direction.
Prefer the break–retest–go approach over chasing the first breakout candle.
Use laddered take-profit at horizontal levels and keep risk ≤1–2% per trade.
Be aware of fakeouts near the apex — volume is a key filter.
#PEOPLE #PEOPLEUSDT #ConstitutionDAO #TrianglePattern #SymmetricalTriangle #Breakout #PriceAction #CryptoTA #Altcoin #SupportResistance
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Disclaimer
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.