DigixDAO (DGD) Ascending Triangle Signal Bullish (Learning)

Here is a very famous chart pattern called the "Ascending Triangle" and this is a bullish pattern.

When you see this signal, you can expect a bullish breakout. If the breakout to the upside happens, you can expect the target to hit the red dotted line.

If DGDBTC price closes below 0.0050 on the daily candle, this signal would be invalidated.

This post is for educational purposes only.

Chart patterns are only signals and can be invalidated and break the other way.

Always use a stop loss when trading as everything is possible at all times, market can change direction without notice.

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Thanks a lot for reading.

Namaste.

Comment:

Ascending triangle (close up):

Trade closed: target reached