Price shot up massively the first couple days the coin was introduced. It then has been in a downward channel but price finally broke and retested the support formed.
As the title suggests, GU broke out off the triangle pattern that was formed. This should give it the chance to continue the bullish pressure that was present previously. This trade has a RR of 1:4 with a 8 pip s/l and a 32 pip t/p
TRADE AT YOUR OWN RISK
Let me know any concerns or ideas
After a huge gap opening the market, there was a heavy push towards the downside. Price is currently exhausting in a Ascending Triangle pattern.
Price should continue bearish towards the 1.33000 area if broken towards the downside.
