BTCUSD: Another Descending Triangle On 1hr Chart
Support: $8,250
Open: $8,150
Target: $7,650 (7.3%)
Stop: $8,350 (-6.14%)
Reward: 2.5
Related idea: Price stuck Between 200 Day MA & EMA
Remember what happens when descending triangles breakdown?
Open: $8,150
Target: $7,650 (7.3%)
Stop: $8,350 (-6.14%)
Reward: 2.5
Related idea: Price stuck Between 200 Day MA & EMA
Remember what happens when descending triangles breakdown?
Order cancelled
Never reached breakdown target, pattern dismissed.Note
Now transformed into a symmetrical triangle, for now:
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