EOS/USD Potential Ascending triangle
ASCRNDING TREIANGLE ( Top flat, bottom rising) = Trend continuation pattern.
Wait for a Breakout .
HOW TO IDENTIFY AN ASCENDING TRIANGLE PATTERN .
The ascending triangle is fairly easy to spot .
Uptrend: The market must be in an uptrend before the ascending triangle appears.
Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase.
Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows.
This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias.
Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs.
Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Wait for a Breakout .
HOW TO IDENTIFY AN ASCENDING TRIANGLE PATTERN .
The ascending triangle is fairly easy to spot .
Uptrend: The market must be in an uptrend before the ascending triangle appears.
Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase.
Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows.
This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias.
Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs.
Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum.
we are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.