Ascending channel as it shown is an uptrend pattern but when we look at the chart we can see that ALGOUSDT had huge fall and this uptrend is kind of weak gain or rest and soon after breakout we would expect more fall and targets that shown
Targets: A. 1.17 B. 1.04
here is descending channel shown and we use it successfully previous time completely different scenario on XRPUSD we had :
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results. 3.and enjoy
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>> <<press like👍 if you enjoy💚>>
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.