Coinpedia-Market-Insight

Symmetrical Triangle in LRCUSDT

BINANCE:LRCUSDT   Loopring / TetherUS
* LRC in Daily time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* Symmetrical triangle is considered to be either trend continuation or trend reversal pattern depending on the pattern breakout.
* Above resistance LRC is bullish.

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