Avery_Upton

WTCUSDT With candle pattern explanation.

Long
Avery_Upton Updated   
BINANCE:WTCUSDT   None
Hello traders. On this chart, I have explained why I will be going long on WTC/USDT pair. I have supplied an explanation and a diagram outlining one of the candlestick patterns I trade and the rules involved in using it. Basically, its price overlap or temporary equilibrium. This creates a need for the market to expand up or down. This is a bullish pattern the opposite would be bearish. Try and do some historical research on prior data and see if you can locate this pattern. It will help you to understand its function. I hope this helps and good luck to all the traders.
Trade closed: target reached

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.