ANALYSIS 🔎
- FOR/BUSD is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support.
- There's a relatively high concentration of buyers at this zone.
- There's an uptrend potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level (@0.09667).
- Limit entry: possible short term retracement.
TARGETS 🎯
- Ascending triangle's horizontal resistance level (@0.14500).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support and horizontal resistance level (@0.07683).
- FOR/BUSD is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support.
- There's a relatively high concentration of buyers at this zone.
- There's an uptrend potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: Breakout above the horizontal resistance level (@0.09667).
- Limit entry: possible short term retracement.
TARGETS 🎯
- Ascending triangle's horizontal resistance level (@0.14500).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support and horizontal resistance level (@0.07683).