Hello my Fellow TraderZ,
The day before I had shared the idea of
QNT forming an ASCENDING TRIANGLE and its possible move.
https://www.tradingview.com/chart/QNTUSDT/BcSZ8vPd-QNT-Brewing-Up-for-next-HIGH/
Similar structure is visible on
ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit.
But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short.
https://www.tradingview.com/x/JSqqUO9n/
As a trader our task is to trade on both the sides.
Let's see. Good Luck.
Happy Trading. CHEERS!!!
The day before I had shared the idea of
QNT forming an ASCENDING TRIANGLE and its possible move.https://www.tradingview.com/chart/QNTUSDT/BcSZ8vPd-QNT-Brewing-Up-for-next-HIGH/
Similar structure is visible on
ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit.But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short.
https://www.tradingview.com/x/JSqqUO9n/
As a trader our task is to trade on both the sides.
Let's see. Good Luck.
Happy Trading. CHEERS!!!
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