DDOG has been consolidating within a large symmetrical triangle pattern that has been forming since the previous peak in November 2021.
In technical analysis, the longer a symmetrical triangle develops, the more powerful the breakout move tends to be once price breaks above the breakout point.
For DDOG, the breakout level is 168.65, which marks the second major top of the triangle.
Based on classic symmetrical triangle projections:
First target: 289.92
Second target: 443.52
In technical analysis, the longer a symmetrical triangle develops, the more powerful the breakout move tends to be once price breaks above the breakout point.
For DDOG, the breakout level is 168.65, which marks the second major top of the triangle.
Based on classic symmetrical triangle projections:
First target: 289.92
Second target: 443.52
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Отказ от ответственности
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
