Seems to have formed a big ascending triangle, similar to a pattern from a week or so ago. Volume seems to generally have gone down or stayed the same, with the price going up just seems like another push up before another wave down to 6900 maybe 64-6500.
its not an ascending triangle if the top line isnt horizontal... ... what you draw is a wedge.
but what i see right now isnt one of those two.. i see more a triangle pattern or inverse H&S.. both bullish... but could be wrong
Silvertoe
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@njoki, ok thank you for clearing that up i get them confused. Hmm idk it doesnt seem like a very well defined H&S imo. yeah they are bullish if volume is increasing, which i havent seen much of a volume increase...
njoki
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@Silvertoe, np. yeah for me its also not that clear and the big bearflag from ath is still active. the possibility for a bearish break down to 6,9 and lower must be still higher then a recovery and break upwards and a new bullrun especially without volume imo, hopefully more and more businesses and people will adopt crypto soon!
Silvertoe
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@njoki, Hmm didn't do too bad with the chart, now where do we go from here? Id say 7000/6900ish is still the target gonna just have to watch as we approach that level.
but what i see right now isnt one of those two.. i see more a triangle pattern or inverse H&S.. both bullish... but could be wrong