ANALYSIS 🔎
- DEXE/BUSD is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support.
- There's a relatively high concentration of buyers at this zone.
- The minor downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@19.5).
- Ascending triangle's horizontal resistance (@23.5).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels (not indicated on the chat though).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- DEXE/BUSD is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support.
- There's a relatively high concentration of buyers at this zone.
- The minor downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Current market price.
TARGETS 🎯
- Horizontal resistance level (@19.5).
- Ascending triangle's horizontal resistance (@23.5).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension levels (not indicated on the chat though).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.