Price has been an uptrend for a week and ranging between the rising channel.
But the overall trend is in an down trend and current price are in expanding channel.
Would see how the price develop as price reach the previous high at Sept 14th which is a potential double top pattern.
If price would breakout from the ascending channel and form correction, it would be a potential entry.
Reason for sell
- Ascending channel since Sept 14th
- Ascending channel within channel
- Double Top
- HTF sell trend
But the overall trend is in an down trend and current price are in expanding channel.
Would see how the price develop as price reach the previous high at Sept 14th which is a potential double top pattern.
If price would breakout from the ascending channel and form correction, it would be a potential entry.
Reason for sell
- Ascending channel since Sept 14th
- Ascending channel within channel
- Double Top
- HTF sell trend