Price is reaching the falling triangle's apex, indicating that a substantial move is on the way.
With a pattern like this, it's critical to stay neutral until we see evidence of a breakthrough.
Below the $2 support, there is a large hole, which might lead to a rapid decline if this level is lost as support. The bulls will have to work a little harder to invalidate this bearish pattern and take out the previous lower high of $3.48.
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☑️ Create a civil and healty discuss in the comments and share with me your thoughts
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With a pattern like this, it's critical to stay neutral until we see evidence of a breakthrough.
Below the $2 support, there is a large hole, which might lead to a rapid decline if this level is lost as support. The bulls will have to work a little harder to invalidate this bearish pattern and take out the previous lower high of $3.48.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!