Axelar breaking upward from symmetrical triangle

Sep 27, 2024

Horizontal green trendline and 200ma(blue line) likely to act as resistance on the way to the target. *not financial advice*

Oct 8, 2024

Note

As often happens price reversed for a second dip back inside the triangle and has since broken back above. There is no room left in the triangle to dip back into it this time, so odds are good this is the breakout. Measured move line and price target need readjusted slightly lower to the second breakout point

Oct 22, 2024

Note

Considering that the breakout point of this pattern happened slightly lower than where the measured move line was originally placed, we can declare price has hit 100% of the target. Target hit!