ANALYSIS 🔎
- ATABUSD is bounded in the ascending channel.
- Price is testing the ascending channel support.
- Price action is printing a pennant pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.59)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel and pennant pattern's inclined support.
- ATABUSD is bounded in the ascending channel.
- Price is testing the ascending channel support.
- Price action is printing a pennant pattern.
- A pennant pattern is a trend continuation pattern.
- A bullish continuation pattern in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Stop limit entry : breakout above the pennant pattern's inclined resistance.
- Limit entry : test of the pennant pattern's inclined support.
TARGETS 🎯
- Horizontal resistance level (@0.59)
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel and pennant pattern's inclined support.