#hbar
🔷 Pattern:
The chart shows a Symmetrical Triangle pattern.
This is typically a continuation pattern, often leading to a breakout in the direction of the prior trend — which was bullish in this case.
The breakout has occurred to the upside, confirming the bullish scenario.
🎯 Target Price:
DirectionTarget (USDT)Description🔼 Up0.33712Calculated by measuring the triangle height and projecting it from the breakout point
📉 Technical Observations:
Current Price: 0.27873 USDT
Breakout Type: Bullish breakout from symmetrical triangle
Upside Potential: ~20.9% from current level if the target is hit
📌 Support & Resistance Levels:
TypePrice (USDT)NoteSupport0.2700Triangle breakout levelResistance0.33712Projected price target
🧭 Possible Scenarios:
ScenarioConditionExpected Move✅ BullishPrice holds above 0.2700Continuation to 0.337⚠️ RetestPullback to 0.2700 supportEntry opportunity❌ InvalidationBreakdown below triangle supportBullish scenario fails
✅ Summary:
Key ElementDescriptionPatternSymmetrical TriangleDirectionBullishBreakout StatusConfirmedPrice Target0.33712 USDTRisk LevelModerate (watch for retest & volume)
