It`s making a 2 types of ascending triangle seen as a flag
While making these triangles, there are positive signals
First, the overbought are resolved
Second, the buying amount is more than the selling amount
Also, there were 3 tails to prevent decline(purple circle)
It means that investors are holding and buying this coin
Last, EMA succeeded in keeping the trend
Now, it has reached the end of triangle
When it breaks up the triangle, it`ll be go up and touch $13240
But if it can`t break up and keep the triangle, it`ll re-test $11100
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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.