Hello!
After reaching a top @ 0.395 it has the last days formed a falling symmetrical triangle, which can be a bullish signal.
Wait for it to break the upper side of the triangle and wait for at least 1 -2 candles to form for breakout confirmation, that will be a good entry point!
If it, however, falls below the triangle that will be a bearish sign and it might...
Possible breakout on FTM/USDT right here. lets see how this plays out. Lower time frame data suggests a potential very short term re test of that support is possible first
XAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation.
Short opinion:
If it will break the support...
Hi Traders!
As you can see the market is moving in a falling triangle.
We expect the market to either follow the originally trend or it'll form a new downtrend.
We recommend to buy/sell the retest of the bvreakout, to avoid false breakouts!
Thanks and good luck!
