What are the potential price breakout targets when a triangle pattern forms in cryptocurrencies?

5 answers

• Mar 16, 2022 · 3 years ago
  When a triangle pattern forms in cryptocurrencies, traders should consider two potential price breakout targets: the measured move and the trendline breakout. The measured move is calculated by taking the height of the triangle and adding it to the breakout point. This gives traders an idea of how far the price could potentially move after the breakout. The trendline breakout, on the other hand, occurs when the price breaks above or below the trendline that forms the triangle. This breakout confirms the pattern and can signal a strong move in the direction of the breakout.
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• Mar 16, 2022 · 3 years ago
  So, you're wondering about potential price breakout targets when a triangle pattern forms in cryptocurrencies? Well, let me tell you, there are a couple of things traders should keep in mind. First, there's the measured move. This is calculated by taking the height of the triangle and adding it to the breakout point. It gives you an idea of how far the price could potentially move after the breakout. Then, there's the trendline breakout. This happens when the price breaks above or below the trendline that forms the triangle. It confirms the pattern and can indicate a strong move in the direction of the breakout. So, keep an eye out for these targets when trading triangle patterns in cryptocurrencies!
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• Mar 16, 2022 · 3 years ago
  When it comes to potential price breakout targets in cryptocurrencies, there are a few things to consider. One of them is the measured move. This is calculated by taking the height of the triangle and adding it to the breakout point. It gives traders an estimate of how far the price could potentially move after the breakout. Another target to watch out for is the trendline breakout. This occurs when the price breaks above or below the trendline that forms the triangle. It confirms the pattern and can signal a strong move in the direction of the breakout. So, keep these targets in mind when trading cryptocurrencies with triangle patterns.
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• Mar 16, 2022 · 3 years ago
  When a triangle pattern forms in cryptocurrencies, traders often look for potential price breakout targets. One of the targets to consider is the measured move. This is calculated by taking the height of the triangle and adding it to the breakout point. It gives traders an idea of how far the price could potentially move after the breakout. Another target is the trendline breakout. This happens when the price breaks above or below the trendline that forms the triangle. It confirms the pattern and can indicate a strong move in the direction of the breakout. So, keep an eye out for these targets when trading cryptocurrencies with triangle patterns.
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• Mar 16, 2022 · 3 years ago
  When a triangle pattern forms in cryptocurrencies, traders need to be aware of the potential price breakout targets. One of the targets is the measured move, which is calculated by taking the height of the triangle and adding it to the breakout point. This gives traders an estimate of how far the price could potentially move after the breakout. Another target is the trendline breakout, which occurs when the price breaks above or below the trendline that forms the triangle. This breakout confirms the pattern and can signal a strong move in the direction of the breakout. So, make sure to consider these targets when trading cryptocurrencies with triangle patterns.
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