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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

It is too early to say that this Triangle is attempting a valid breakout. Last thursday flash “drop and recover” didn’t invalidate the pattern in my opinion so I wanted you to have it under your radar if interested in this crypto. By the way, last thursday drop also hit the target of the previous Descending Triangle which begun the prices down move.
If prices go towards the target, keep in mind that we will have to deal with the 2.00 previous level.

• Pattern Class: 🌕🌕🌕🌕🌑
• Target area: 1.45
• Breakout area below: 2.50

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEMBER
“A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist”
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting’s personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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