CND bullish ascending triangle continues to develop
OK, so the recent bounce off of dual supports (e.g., both resistance-turned-support and also the upwards trending support line) have demonstrated the CND bullish ascending triangle formation continues to be in play, which has been the case for several weeks now.
We have all the elements of a strong bullish break to the upside once it resolves, although it may bounce off resistance once or twice more before the triangle reaches it's apex (which looks to be in early December). Target zone should be around 670 sats, which means around 20% profit if you buy in now. Barring a major crash for BTC, I think this is a low-risk, high reward trade.
We have all the elements of a strong bullish break to the upside once it resolves, although it may bounce off resistance once or twice more before the triangle reaches it's apex (which looks to be in early December). Target zone should be around 670 sats, which means around 20% profit if you buy in now. Barring a major crash for BTC, I think this is a low-risk, high reward trade.
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