📈 Chart Pattern Observed:
This is a symmetrical triangle breakout pattern (bullish bias in this case).
Price has broken out or is near breakout above the descending trendline.
Ichimoku cloud thinning and flattening indicates potential bullish momentum building up.
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🎯 Target Levels Based on Chart:
1. First Target Point:
Price Level: Around $225.00 USD
This is the initial breakout target, often calculated by measuring the widest part of the triangle and projecting upward from the breakout point.
2. Second (Final) Target Point:
Price Level: Around $250.00 USD
This is a more extended target if bullish momentum continues strongly and volume confirms the move.
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🔍 Additional Notes:
Current Price Zone: Around $202–$206 USD
Stop-Loss Idea: Below the recent swing low or lower trendline, around $195–$197 USD
Entry Idea: On confirmed breakout and retest, above $206.50–$208.00 USD
Would you like help with a trade plan including entry/SL/TP levels based on risk-reward?
This is a symmetrical triangle breakout pattern (bullish bias in this case).
Price has broken out or is near breakout above the descending trendline.
Ichimoku cloud thinning and flattening indicates potential bullish momentum building up.
---
🎯 Target Levels Based on Chart:
1. First Target Point:
Price Level: Around $225.00 USD
This is the initial breakout target, often calculated by measuring the widest part of the triangle and projecting upward from the breakout point.
2. Second (Final) Target Point:
Price Level: Around $250.00 USD
This is a more extended target if bullish momentum continues strongly and volume confirms the move.
---
🔍 Additional Notes:
Current Price Zone: Around $202–$206 USD
Stop-Loss Idea: Below the recent swing low or lower trendline, around $195–$197 USD
Entry Idea: On confirmed breakout and retest, above $206.50–$208.00 USD
Would you like help with a trade plan including entry/SL/TP levels based on risk-reward?
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active Publications connexes
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
