$PNUT Pattern Forming ALERT 馃毃馃憖馃憖 Analysis Next Move As we see there $PNUT form descending triangle pattern in 4 hour timeframe
What is Descending triangle pattern ??
Descending triangle pattern had both chances breakout馃殌 or breakdown 馃└ Majorly it gives breakdown the pattern an price go downward but sometimes it gives breakout and price go up 鉁堬笍馃殌
Recently price gets support on pattern surface which is very strong support area of 1.05 it hits again and again as you seen in pic.
Bullish 鉁堬笍 Scenario 馃殌..
If the price breakout the pattern with candle closing you see pump馃殌馃殌 in price I will share the targets if breakouts happend is
T1 1.46
T2 1.75
T3 2.00
Bearish Scenario 馃洃..
If the price gives breakdown the support area of pattern with candle closing then you see further dump to its previous low area around 0.78 to 0.88 Area
So keep eye 馃憖 on breakout and breakdown the pattern
If you get any kind of help for these analysis then like it I'm doing it for you 鉂わ笍馃檹
