Not a financial advisor! Not making any trade here! I don't use leverage!
Yes ... I believe that a triangle formation broke bearish today! Yes ... I believe that there is a daily bearish divergence on the RSI!
BUT... There is some possible bullish hope in the form of a cup and handle. In case this gets invalidated! well you can find some possible reversal horizontal supports on the chart.
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Playing out as planned. Very important to look at the neckline around the 19300-19400 usd region.
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Amazing!!
possible rejection at this resistance as written on the previous comment ...but in case it just blasts through expect to be above 20K soon!
Trade closed: target reached
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Even thought the final expected target was not YET reached...we have a Cup and Handle breakout.
I expect that the final target will come not in a distant future...but I am expecting some down movement!!