Route Mobile is showing strong technical momentum with an Ascending Triangle Breakout visible on the 1-hour chart. Price has broken above the resistance zone with notable volume support, signaling bullish strength.
Upside Potential: ~6% and possibly more if momentum sustains
Trigger Point: Breakout above resistance confirms fresh buying interest
Why this is significant:
The Ascending Triangle is a bullish continuation pattern. It forms when buyers steadily push prices higher with rising lows, while resistance holds firm. Once the resistance is decisively broken, it often unlocks strong upside potential as trapped sellers exit and fresh buyers enter with momentum.
Upside projection is based on the triangle’s height added to the breakout level, aligning with a potential 6% move. If volume sustains above breakout, there could be even more room for price appreciation.
🔎 Key takeaway: Breakout already in play, and Route Mobile looks poised for strong short-term momentum.
Upside Potential: ~6% and possibly more if momentum sustains
Trigger Point: Breakout above resistance confirms fresh buying interest
Why this is significant:
The Ascending Triangle is a bullish continuation pattern. It forms when buyers steadily push prices higher with rising lows, while resistance holds firm. Once the resistance is decisively broken, it often unlocks strong upside potential as trapped sellers exit and fresh buyers enter with momentum.
Upside projection is based on the triangle’s height added to the breakout level, aligning with a potential 6% move. If volume sustains above breakout, there could be even more room for price appreciation.
🔎 Key takeaway: Breakout already in play, and Route Mobile looks poised for strong short-term momentum.
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.
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.