The Ascending Triangle is continuation pattern. Which forms usually during an uptrend.
This pattern is giving a great opportunity to open long term trades. If the price breaks above the pattern, then buy orders should set around 65 level. In other scenario if the price goes below the pattern we should delete our buy orders and wait for another buy opportunity.
We have good support at 58 level or below it that should act as our stop loss.
This will be short as I have to rush to somewhere. If any questions comes to your mind about this trade then feel free to leave them in comments and I get back at you ASAP.
Trading information:
Buy: at or above 65
Partial profit: around 73-74
Long term profit: 90
Stop-loss: 58 or below it
Note this is long term trade!
Be careful while trading!
Things to remember:
-> To trade safely we need to use stop losses in case something goes wrong.
-> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
-> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
This pattern is giving a great opportunity to open long term trades. If the price breaks above the pattern, then buy orders should set around 65 level. In other scenario if the price goes below the pattern we should delete our buy orders and wait for another buy opportunity.
We have good support at 58 level or below it that should act as our stop loss.
This will be short as I have to rush to somewhere. If any questions comes to your mind about this trade then feel free to leave them in comments and I get back at you ASAP.
Trading information:
Buy: at or above 65
Partial profit: around 73-74
Long term profit: 90
Stop-loss: 58 or below it
Note this is long term trade!
Be careful while trading!
Things to remember:
-> To trade safely we need to use stop losses in case something goes wrong.
-> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
-> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
Trade ativo:
Partial profit target hit!
Trade fechado: objetivo atingido
