The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout from the formation and using the measuring principle.
📍Understanding the Bullish Rectangle Candlestick Pattern
The bullish...
I recently took two discretionary positions on KNC/USDT. In this analysis I've documented my thought process and execution sequentially from left to right in the call outs.
In these trades I used several methods of analysis.
1. Chart Patterns
My first trade entry was predicated upon a Rectangle Top Pattern I identified KNC forming. Rectangle Tops occur during...
