$PLU/USD Descending Triangle

PLU/USD COINBASE:PLUUSD

jonsuth

$PLU is currently in a descending triangle . I actually don’t feel like it is going to complete it. This coin likes to get hot at weird moments. If a breakout occurs it will most likely not run higher than the green areas I have charted. And if it does breakdown I don’t expect it to drop more than around 8%. The 12$ area was its support a long time ago and feel it will hold there for a bit anyways.

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