GNTBTC - Symmetrical triangle - breakout pattern confirmation
GNTBTC did a breakout of a 75 days falling wedge 2 months ago.
Since then, the price as RETEST the 'mean support'
GNTBTC is now in an uptrend - symmetrical triangle formation pattern.
PATTERN BREAKOUT CONFIRMATION
-BULLISH CONDITION
Now that the pattern did happen, the price need to go above the 'resistance breakout' - 4H closed candle with retest
If it hold and go up again - we are in this trade for LONG.
I already bought some at a bounce.
I am going to buy more with the next confirmation - ,breakout support' retest and up
-BEARISH CONDITION
If the price go below the support zone, downtrend confirmation
Lower low will break the uptrend.
Thank you,
CryptoKraven
GNTBTC did a breakout of a 75 days falling wedge 2 months ago.
Since then, the price as RETEST the 'mean support'
GNTBTC is now in an uptrend - symmetrical triangle formation pattern.
PATTERN BREAKOUT CONFIRMATION
-BULLISH CONDITION
Now that the pattern did happen, the price need to go above the 'resistance breakout' - 4H closed candle with retest
If it hold and go up again - we are in this trade for LONG.
I already bought some at a bounce.
I am going to buy more with the next confirmation - ,breakout support' retest and up
-BEARISH CONDITION
If the price go below the support zone, downtrend confirmation
Lower low will break the uptrend.
Thank you,
CryptoKraven