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#PRA
#ANKR/USDT analysis:
On daily timeframe, the price formed cup & handle pattern inside the ascending triangle pattern.
The two bullish pattern breakouts i.e. cup & handle pattern breakout + ascending triangle pattern breakout = Double confirmation sign for the trade opportunity.
The price increased more than 75% from the breakout level till the resistance zone and it increased almost 100% till the today’s high from the breakout level.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern or higher low when it gave breakout or below the handle of the cup & handle pattern.
Note: This is just an educational post.
@RG_Analitics
Подписаться....
#ANKR/USDT analysis:
On daily timeframe, the price formed cup & handle pattern inside the ascending triangle pattern.
The two bullish pattern breakouts i.e. cup & handle pattern breakout + ascending triangle pattern breakout = Double confirmation sign for the trade opportunity.
The price increased more than 75% from the breakout level till the resistance zone and it increased almost 100% till the today’s high from the breakout level.
As per the price action analysis, entry would have been taken at breakout or retest and stop loss will be below the triangle pattern or higher low when it gave breakout or below the handle of the cup & handle pattern.
Note: This is just an educational post.
@RG_Analitics
Подписаться....