Technical analysis by S_CAPITAL about Symbol NTRN: Buy recommendation (8/20/2024)

The #NTRNUSDT pair is showing a textbook example of a descending wedge, a pattern often associated with strong bullish reversals. Currently, the price sits at $0.3871, near the lower boundary of the wedge, hinting at potential upward momentum.The breakout target from this pattern points to a massive 261.41% increase, with the price potentially reaching as high as $1.0103. The descending wedge, coupled with a strong support level and increasing volume, makes this a critical setup to watch. Traders should keep an eye on the price action near the wedge’s upper trendline and look for confirmation of a breakout before entering the trade. If the resistance breaks, it could be the beginning of a significant bullish run.I keep the deal open!I keep the deal open!I keep the deal open!