BQXBTC 2H Descending Triangle
I spotted that BQX has hit an absolute low right now (close to it's ATL), after a downtrend.
My hypothesis is that sooner or later it will bounce from this low (cuz it's a support line) and will break the pattern eventually.
If not we will see a lower ATL for BQX..
I have drawn the pattern, the lines indicated in blue are the support lines. I've used fibonacci retracement for my targets. If my hypothesis is good, we can expect up to a 30% gain.
What do you think about this idea?
My hypothesis is that sooner or later it will bounce from this low (cuz it's a support line) and will break the pattern eventually.
If not we will see a lower ATL for BQX..
I have drawn the pattern, the lines indicated in blue are the support lines. I've used fibonacci retracement for my targets. If my hypothesis is good, we can expect up to a 30% gain.
What do you think about this idea?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.