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#SANTOS/USDT analysis-
On daily timeframe, after the massive rise with more than 115% increase in price, the price gave correction and goes into consolidation.
After the consolidation between previous swing high and low, the price formed ascending triangle pattern. The price gave breakout and increased more than 110% from the breakout level till the new high.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern when it gave breakout.
Note: This is just an educational post.
@RG_Analitics
Подписаться....
#SANTOS/USDT analysis-
On daily timeframe, after the massive rise with more than 115% increase in price, the price gave correction and goes into consolidation.
After the consolidation between previous swing high and low, the price formed ascending triangle pattern. The price gave breakout and increased more than 110% from the breakout level till the new high.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern when it gave breakout.
Note: This is just an educational post.
@RG_Analitics
Подписаться....