$PARTI is making a perfect symmetrical triangle 📐, crossing these trend lines from either sides will likely shape the direction. Watch the movement till a breakout confirm and enter a trade. Pro Tip: Channels such as symmetrical triangles always follow by a strong momentum which continues sharply. Additionally, the RSI indicates neutral meaning no buyers or sellers are in control !
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The price is trading within an Ascending Broadening Wedge on the 1H time frame, suggesting increasing volatility, often leading to a bearish breakdown.
Meanwhile, a Symmetrical Triangle on the 15M time frame signals consolidation before a breakout.
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Major Support: $14.6 remains a crucial level to watch.
Analysis: The breakdown from the ascending channel indicates weakening bullish momentum. If the price stays below $14.6, it could confirm a bearish trend, with the next target around $11. Watching for volume confirmation is crucial.
VANA/USDT: Symmetrical Triangle Pattern Suggests Possible Bearish Breakout 📉
VANA/USDT is currently trading within a symmetrical triangle pattern, a neutral chart formation often leading to a breakout. However, recent market signals and trendline behavior suggest a bearish breakout may be on the horizon. Key Observation: Volume: Declining, a typical precursor to a breakout While symmetrical triangles can break in either direction, my analysis leans towards a bearish resolution. Traders should
🔥🔥#MEW has finally broken out of Symmetrical triangle pattern !!🔥 🔥 Bought myself few Tokens😊😊 First target lies at 0.0112 and we'll eventually see 0.0137 in few sessions.💪
$MEW about to #breakout of Symmetrical #TrianglePattern . We are about see increased trading volume soon. Keep an eye on market directions to avoid entering wrong trades . (image attached below)
Disclaimer: The following post reflects my personal opinions and is not intended as investment advice . Please conduct your own research and analysis before making any trading decisions.