MBM_Crypto

FET at the apex of the triangle! Keep an eye on this one!

Long
BINANCE:FETUSDT   Fetch.AI / TetherUS
Here's a quick Look at FET 8 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and we could see a bigger break to the upside soon - the triangle ends in few days!
The best entry would be, when the price breaks above the symmetrical triangle with good amount of volume .
-------------------------------------------
The idea is: Buy the breakout from the symmetrical triangle and take profits at the levels shown in the chart.

Targets:

1. 0.82$
2. 0.885$
3. 0.97$
4. 1.03$
-------------------------------------------
What are triangles when it comes to trading?

Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.

2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.

3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."

-------------------------------------------
If you like the content, then make sure to comment and like the post :D

Follow me for daily profitable trading setups

BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!

Experience our top-tier setups with our Premium Group for only 129$ Lifetime membership!

🎖Telegram: t.me/MBM_786kr🎖
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.