Hello my dear friends
The triangle pattern is very cleanly formed in the higher time frames.
If the current trend is below the price range of $0.0592, the possibility of forming a downward trend similar to the drawn scenario is not out of mind.
But if the current trend is above the price range of $0.07893, there is a possibility of forming an upward trend similar to the drawn scenario.
According to the momentum of the current trend, the possibility of forming the first scenario (downtrend) is more likely.
We would be happy to hear your comments.
The triangle pattern is very cleanly formed in the higher time frames.
If the current trend is below the price range of $0.0592, the possibility of forming a downward trend similar to the drawn scenario is not out of mind.
But if the current trend is above the price range of $0.07893, there is a possibility of forming an upward trend similar to the drawn scenario.
According to the momentum of the current trend, the possibility of forming the first scenario (downtrend) is more likely.
We would be happy to hear your comments.
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