CVCUSDT brokeout above the falling wedge's resistance as expected from my previous analysis.
Price got rejected off the ascending channel's resistance and retested the falling wedge's resistance.
Price action is printing a symmetrical triangle pattern at the mid channel region.
Bullish ⬆️ - breakout above the symmetrical triangle's inclined resistance could lead to a test of the ascending channel's resistance.
Bearish ⬇️ - breakdown below the symmetrical triangle's inclined support could lead to a a test of the ascending channel's support.
Possible price actions and targets are indicated by the arrows on the chart.
Price got rejected off the ascending channel's resistance and retested the falling wedge's resistance.
Price action is printing a symmetrical triangle pattern at the mid channel region.
Bullish ⬆️ - breakout above the symmetrical triangle's inclined resistance could lead to a test of the ascending channel's resistance.
Bearish ⬇️ - breakdown below the symmetrical triangle's inclined support could lead to a a test of the ascending channel's support.
Possible price actions and targets are indicated by the arrows on the chart.
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