Pattern 101 - Ascending Triangles:
Ascending Triangles are formed by higher lows and a constant resistance at a certain price point. The higher lows signify that Bulls are moving the price higher. As the price pushes against the resistance a surge in occurs and a breakout occurs. Usually UP! Extremely pattern!
What to expect?
I expect XVG to follow the and have a breakout to $0.40 +126% gains!). If it falls it will most likely find support (blue lines) at $0.16 and challenge the resistance once again.
Recommended Guidelines to Follow:
- Wait for the Break Out
- Open your position by following the trend
- Set your target limits
I wish you MASSIVE profits on all your trades,
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