Greetings
Coin ANT (ARAGON), I have no idea what the project is about, if anyone knows write in the comments.
On the weekly chart the price has formed a simple technical analysis pattern of a rounded bottom or arc. The price usually signals about the continuation of the upward movement, at the moment the price is approaching the upper boundary of this pattern.
The important confirmation of the completion of this figure should be an increased volume when crossing the upper boundary.
For a more detailed consideration, let's move to the daily chart.
On the 1 D the price has formed a symmetrical triangle or a bowl with a handle. At the moment the price is at the lower boundary of the triangle. Where could be an entry point on confirmation of support, with a local target to the upper boundary of the triangle around 80%.
The potential for a price move when the symmetric triangle is worked out is about 700%, $60-62.
The round bottom breakout potential on the weekly chart is difficult to plan as there are no price levels above and the instrument did not trade above the upper boundary of that pattern. But even if the symmetrical triangle is completely worked out, it is a huge potential gain.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
