BTCUSD | Ascending Triangle
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Price formed an Ascending Triangle. In case there is a breakout of Horizontal Resistance, the pattern will be confirmed and we can initiate a long position.
Also if price takes a correction we can initiate a long position in case there is a confirmed retracement of the Support Trendline
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price formed an Ascending Triangle. In case there is a breakout of Horizontal Resistance, the pattern will be confirmed and we can initiate a long position.
Also if price takes a correction we can initiate a long position in case there is a confirmed retracement of the Support Trendline
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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