Bit.Cash M30: The price has formed a symmetrical triangle
Analysis of the Bit.Cash chart shows that the price may exhibit growth.
The formation of a symmetrical triangle indicates consolidation before a breakthrough and an increase in trading volatility. A piercing of the upper triangle leg is a positive signal indicating an upcoming price increase.
The chart prompts to focus on long positions in Bit.Cash. It advocates entering the market at the current levels or while reaching the level, at which the retest occurs.
📌 Entry: 487.56
✔️ First target: 535.21
✔️ Second target: 559.02
❌ Stop order: 459.54
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