ANALYSIS 🔎
- THETAUSDT is testing the ascending channel support.
- Price action is printing a symmetrical triangle pattern.
- This is a bullish pennant continuation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS🎯
- Previous swing high horizontal resistance (R1).
- Fibonacci extension levels
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and symmetrical triangle's inclined support.
- THETAUSDT is testing the ascending channel support.
- Price action is printing a symmetrical triangle pattern.
- This is a bullish pennant continuation pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the symmetrical triangle's inclined resistance.
TARGETS🎯
- Previous swing high horizontal resistance (R1).
- Fibonacci extension levels
- Ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support and symmetrical triangle's inclined support.
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.
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.