Looks like the formation of an accending triangle. Just hit the support level and hoping that price will increase to resistance. I will not enter immediately and just watch just to make sure that the support isnt broken where a downtrend could follow.
Comments and/or suggestions highly appreciated:)
Hopefully this goes according to plan
Im no professional so if you do decide to go ahead with what ive suggested please ensure that you have done a thorough analysis so you know exactly what you’re getting into and not following some noob into utter failure if it doesn't go according to plan 😂
Seeing a descending triangle forming which could lead to a drop and a possible sell opportunity. Just need to wait for a breakthrough.
Like if correct? Comments and/or suggestions are highly appreciated:)
Price has broken through previous resistance level now making it a new support level. You can see the price hit a new resistance @1.27666 and has come back to the newly created support @1.26500. Hopefully if the price hits the resistance again a sell can be made.
Id appreciate any comments and/or suggestions on my analysis :)