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 volume occurs and a breakout occurs. Usually UP! Extremely bullish pattern!
What to expect? I expect XVG to follow the trend line and have a bullish 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
** Always set your stop losses when long
I wish you MASSIVE profits on all your trades,
CryptoTA
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in ascending triangle the point A is never on the resistance line but on the support line.... if the A is in resistance line it's a descending triangle, so your TA is false.
You have to replace the point A on the support line
You have to replace the point A on the support line