🚀 Update on coin $MET : Ascending triangle pattern compressing toward a breakout of the resistance
📍 Monitoring zone: 0.2760 – 0.2830
🎯 Price targets:
• Target 1: 0.2923
• Target 2: 0.2981
• Target 3: 0.3067
❌ Invalidation: Close below 0.2700 (break of the ascending trendline and the moving average)
💡 Most important technical rationales:
• Ascending triangle pattern: Price consolidation with higher lows (Higher Lows) along the ascending trendline, alongside repeated pressure on the horizontal resistance, reflects buyer control and the approach of a breakout.
• Moving average support: The price action holds steadily above the fast moving averages (red and blue) and the slow one (orange).
• Indicator positivity: Momentum rising and the oscillator remaining stable in the positive zone at 55.81 with a bullish bias (Bull 29%).
📍 Monitoring zone: 0.2760 – 0.2830
🎯 Price targets:
• Target 1: 0.2923
• Target 2: 0.2981
• Target 3: 0.3067
❌ Invalidation: Close below 0.2700 (break of the ascending trendline and the moving average)
💡 Most important technical rationales:
• Ascending triangle pattern: Price consolidation with higher lows (Higher Lows) along the ascending trendline, alongside repeated pressure on the horizontal resistance, reflects buyer control and the approach of a breakout.
• Moving average support: The price action holds steadily above the fast moving averages (red and blue) and the slow one (orange).
• Indicator positivity: Momentum rising and the oscillator remaining stable in the positive zone at 55.81 with a bullish bias (Bull 29%).
