BULLISH CONTINUATION (THE ASCENDING TRIANGLE PATTERN)
On the daily schedule, the price of BTCUSD continued to hold its uptrend and record rate of return.
The Ascending Triangle is a mediocre artist despite its reputation as a reliable graphical model.
The price trend can be any direction leading to the chart pattern.
The triangular shape. Prices evolve between two convergent trend lines. Two trend lines of the bound prices; the top trend line is horizontal and the bottom trend line is up.
The price must cross the pattern from one side to the other, filling the triangle with a price movement and not a space.
The price must touch a trend line at least three times, the other at least twice, forming distinct troughs and valleys.
The volume trend is down 80% of the time.
Evasion up 63% of the time and 62% of the way to the top of the triangle (upward evolutions).
In addition, the ANGULATION OF KIJUN BULLISH (shown on the graph) occurs when the price continues to cling to its support level and resistance level. KIJUN will go up by showing that price levels are highly respected. The wick of rejection shows a price escape rejected.
We advise all traders to wait for a valid escape before taking a LONG POSITION.
LONG:
Buy: $ 5400
Sell: $ 5871 to $ 6516
Stop loss: $ 4960
Discharge of responibility:
Negotiating a cryptocurrency on a margin has a high level of risk (volatile) and may not be suitable for all trades that do not yet know how to use STOP LOSS. High leverage can be detrimental to you and you.
It is your responsibility to confirm whether you wish to accept this business or not. Trade only with venture capital; that is, trading with money that, if lost, will not negatively impact your lifestyle and ability to meet your financial obligations.
