Pattern "Bullish rectangle", on the example of UPP Coin. Currency pair UPP/BTC.

Hi, gentlemen ..

When analyzing cryptocurrency rates, I always try to use patterns that constantly appear on the stock charts of the studied assets. Therefore, in my posts I often talk about these patterns on specific examples.

Let us consider the pattern "a Bullish rectangle."

Screenshot

This stock figure often occurs after a strong rapid increase in the price of the coin. Its meaning lies in the fact that while this growth was purchased by many of the asset. At the same time, investors are in no hurry to sell it, hoping for even greater growth. In this case, the coin is in the phase of asset consolidation. This phase can last in different ways, much depends on extraneous factors, but the meaning remains the same. Investors are waiting for the price growth.

Now this situation has developed at UPP coins
BITTREX exchange, timeframe 1 day.

Screenshot

We will not argue about the quality of this asset. We are talking about a pattern that was formed three months ago. During this time, the coin is not cheaper and kept at the same level. And this already says about a certain reliability this coin.

This pattern has another effect - the longer it lasts, the stronger the price will go up.
The reliability of this pattern is 90%. So if among you there are investors who prefer to earn on long investments - this asset at this price is very attractive.

Usually, after the release of this pattern coin is profitable, not less than 50%. You just have to be patient and take your time.

And the last - often, after leaving such a pattern, the price of the asset rises above the previous maximum prices.

Good luck!

The @upvoteinvest team

A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.

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