just now
Breakout from triangle formation, but rejected by bearish channel and currently testing the top of the channel. Also very strong resistance from May in 6. 01 holding the price down. Last time price broke through this resistance it rose to resistance i 9.10. With strength from the triangle formation breakout, it's possible that price can overcome the two resistances and yet again test the resistance in 9.10, This is an increase of 50%. However it's possible that price will fail and fall back to the bottom of the channel, this is a possibility to get in at a lower price, however it is not sure that i will break out of the channel. On the weekly chart there is a flag formation forming and price could possibly be rejected around 6.60, fall back to the support of the flag, and then possibly break out. Safe position will be when price breaks flag formation on the weekly and a more risky entry will be when price breaks out of the channel on the daily.
Breakout from triangle formation, but rejected by bearish channel and currently testing the top of the channel. Also very strong resistance from May in 6. 01 holding the price down. Last time price broke through this resistance it rose to resistance i 9.10. With strength from the triangle formation breakout, it's possible that price can overcome the two resistances and yet again test the resistance in 9.10, This is an increase of 50%. However it's possible that price will fail and fall back to the bottom of the channel, this is a possibility to get in at a lower price, however it is not sure that i will break out of the channel. On the weekly chart there is a flag formation forming and price could possibly be rejected around 6.60, fall back to the support of the flag, and then possibly break out. Safe position will be when price breaks flag formation on the weekly and a more risky entry will be when price breaks out of the channel on the daily.