ELF DOUBLE TRIAGLE
As you can see, the pattern fails for a short period of time. It breaks the strong support level, which triggered bots to sell and traders to panic sell. But, we found a fire support level on the larger symmetrical triangle,
which made us smash through the smaller descending triangle with only 3 minor red candles while passing through.
The funny thing is that we find a strong resistance once again on the larger symmetrical triangle.
These patterns combined, signal a bullish run with some bounces.
BULLISH ETA: MAY 12th 12:00
SMALL RIDES: Possible the next hours all the way up to the bullish run, if you go to 5-30 min range, you will find some nice patterns for a short term ride.
Let's see what happens!
**Chart looks best with 30 min candles**
which made us smash through the smaller descending triangle with only 3 minor red candles while passing through.
The funny thing is that we find a strong resistance once again on the larger symmetrical triangle.
These patterns combined, signal a bullish run with some bounces.
BULLISH ETA: MAY 12th 12:00
SMALL RIDES: Possible the next hours all the way up to the bullish run, if you go to 5-30 min range, you will find some nice patterns for a short term ride.
Let's see what happens!
**Chart looks best with 30 min candles**
Penafian
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