PEOPLE is currently showing a bullish breakout from a Symmetrical triangle resistance on the daily chart, accompanied by increasing volume.
Technical Highlights:
-Pattern: Symmetrical triangle formation that has been developing since early May.
-Breakout: We can confirm the breakout once the day's candle closes above the trend resistance line
-Moving Averages: Trading above the 50 EMA and 100 EMA.
-Volume: Noticeable spike in buying volume, confirming breakout strength.
If bullish momentum sustains above the breakout zone, we could see a 50-100% bullish move coming weeks.
Stop loss : $0.0185
Resistance 1: $0.0255
Resistance 2: $0.0305
Resistance 3: $0.0430
Cheers
Hexa
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
Technical Highlights:
-Pattern: Symmetrical triangle formation that has been developing since early May.
-Breakout: We can confirm the breakout once the day's candle closes above the trend resistance line
-Moving Averages: Trading above the 50 EMA and 100 EMA.
-Volume: Noticeable spike in buying volume, confirming breakout strength.
If bullish momentum sustains above the breakout zone, we could see a 50-100% bullish move coming weeks.
Stop loss : $0.0185
Resistance 1: $0.0255
Resistance 2: $0.0305
Resistance 3: $0.0430
Cheers
Hexa
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.