Good afternoon ladies and gentlemen
Another symmetrical triangle play i've been looking into is the XTZ/BTC pairing.
This could break either way, currently looking for an increase in volume to the upside and break of triangle to confirm change of trend.
Typically, target range is measured from the initiating high and low in the pattern which gives us an upside potential of 22% upon breakout.
I will not be entering this trade to the downside and am looking for long entry only once it presents itself.
Cheers!
Fray
Another symmetrical triangle play i've been looking into is the XTZ/BTC pairing.
This could break either way, currently looking for an increase in volume to the upside and break of triangle to confirm change of trend.
Typically, target range is measured from the initiating high and low in the pattern which gives us an upside potential of 22% upon breakout.
I will not be entering this trade to the downside and am looking for long entry only once it presents itself.
Cheers!
Fray