Highest timeframe showing last weeks test of $9,700. This week’s candle has tested minor support @ $8,700 and since then momentum has been . Expecting a will fill towards $9,700 and a break through our resistance once & momentum pickup.
Looking over at our trend timeframe we see price has formed an , after it’s impulse leg from $6,800 to $9,700. Price then retrace from $9,,700 to $8,700 and has remained in between since. showing momentum a , although there are no confirmations of a reversal. Waiting for a breakout before taking a position.
Shifting over to our pattern timeframe we see price has remained inside our . Leaning toward breakout. formed inside triangle and above our @ $8,700. showing momentum is . Patiently leaning towards a breakout towards the upside.
Buy after price has broken out of pattern.