In short, I knew how the price will go before it even happened. But how? Proof & Explanation down below↓↓
This was the trade setup I posted on Tradingview, once being posted it can no longer be modified.
https://www.tradingview.com/chart/ETHUSD/2qqLkOYb-Pretty-darn-good-R-R-ratio-on-ETHUSD/
What we are looking at here is an 'Ascending Triangle' pattern here. According to Investopedia
'An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the right triangle created by two trendlines. In an ascending triangle, one trend line is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trend line connects a series of increasing troughs. Traders enter into long positions when the price breaks out from the horizontal trendline.'
https://www.investopedia.com/terms/a/ascendingtriangle.asp
It was just a simple Technical Analysis or 'chart pattern' in this particular case that helped me gain 150% on one trade. Notice how the volume increased on the breakout of the horizontal resistance marked in red on the chart. Trading volume analysis is critical when using this technique to make trade decisions.
I know a lot of you have suffered from the recent bear market, so I hope this can help you.
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