Price project for the next 2 weeks: Ascending Triangle?

In simple terms, we are in ascending wedge = bearish, but in a possible Ascending Triangle, which would explain this coming trend break.

In ascending triangle, the market is going to look at the future price, as it is building support and resistance in October.

In an ascending triangle A-B Trend line is always broken!

Good luck everyone ;)

**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support

~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!

Fractal dates are moments of interest, where price and time collide to create oscillation.
These fractal events are identified as dotted vertical lines.

Thank you,
Ajion

評論:

We are in a potential ascending triangle and without wave D confirmation I cannot truly call it that. So we are in ascending wedge ATM, indicating that we should have a correction, but it also says, that if volumes pick up, we can have a blast off.

This is why it is important to ENTER into a price with which you can patiently wait for the price to do its thing.

Because once the surge happens, nobody knows for sure, when or how the next wave will occur. The best you can do, is take profits, reenter and hope for the best.

True story :)