Symmetrical Triangle - Watching closely
Updated
ABNB forming a big symmetrical triangle but frankly looking quite bullish, will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
- Sitting right on its 20-day EMA
- Bollinger Bands Squeezing (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD cross on the hourly timeframe (See Chart Below)
https://www.tradingview.com/i/zyVnxovi/
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
- Sitting right on its 20-day EMA
- Bollinger Bands Squeezing (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD cross on the hourly timeframe (See Chart Below)
https://www.tradingview.com/i/zyVnxovi/
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Note
PT1 & PT2 Reached ✅
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.