Expanse / BitcoinPanjang
$EXP in a flat pattern
Not sure if this is gonna work, but normally it should.....
After an upmove, Expanse formed a flat correction, which is a Trend Continuation Pattern.
To me, it looks like it finished the 5th leg and it should move up now.
Breaking the upper trendline will lead us to the blue box which is calculated with Fibo Extensions from previous upmove and equal to the outcome of the flat pattern.
I noticed that leg 5 formed a small reversal pattern and saw support building in the orderbook.
Happy trading!
After an upmove, Expanse formed a flat correction, which is a Trend Continuation Pattern.
To me, it looks like it finished the 5th leg and it should move up now.
Breaking the upper trendline will lead us to the blue box which is calculated with Fibo Extensions from previous upmove and equal to the outcome of the flat pattern.
I noticed that leg 5 formed a small reversal pattern and saw support building in the orderbook.
Happy trading!
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