SIGN triangle consolidation pattern breakout may usher in a new round of upward movement!

Today we take a look at the 4-hour chart of SIGN and discover a very interesting signal!

Technical analysis:

1️⃣ It can be clearly seen from the chart that SIGN has undergone a long period of triangular convergence consolidation, forming a standard symmetrical triangle pattern. Such a pattern often indicates that the market is about to choose a direction.

2️⃣ After several tests, SIGN has successfully broken through the upper trend line, accompanied by increased volume, indicating that market sentiment is shifting towards a bullish trend, and buying power is starting to strengthen.

3️⃣ From the Stoch RSI indicator, the current values have entered a high zone (72.35 and 85.08), but there is still a certain degree of upward momentum in the short term. Attention should be paid to the short-term overbought pullback risk, but the overall trend has become clear.

The breakout of the triangular consolidation pattern often indicates strong upward potential. Once SIGN stabilizes above 0.08850, the next step may aim for a target of 0.10000 or even higher.