With the presence of a possible Ascending Triangle, and possibly an Inverted H&S:
the price could go looking for the top of the Parallel Channel @ $ 12,350
DISCLAIMER: You alone are responsible for your positions.
the price could go looking for the top of the Parallel Channel @ $ 12,350
DISCLAIMER: You alone are responsible for your positions.
Comment:
To survey: Left Shoulder = $ 9880 = Right Shoulder = Support line of the triangle
Comment:
If invalidate = target $ 8k7
Comment:
As expected (see my comment below), the crossing of the red trendline will not be smooth, with for the moment a first rejection:
Comment:
The price is still stuck between the two lines of trend that I had highlighted:
Imminent breakout, we will be fixed on the next trend.
Imminent breakout, we will be fixed on the next trend.
Comment:
Bearish trend line finally defeated on the tip of the triangle, closer to the bullish trend line that marks the point and gives us a bull signal with the $ 10k found:
Trade active:
The resistance of my downward parallel channel (white line) is heavily worked for 5 days with the formation of a bullish trendline support:
So I expect an imminent breakout of this resistance with a pump today, target 13k$
Height of the triangle: 1000 $ (11000-12000 $)
breakout at $ 12000 + height $ 1000
Target of the pump: $ 13000
So I expect an imminent breakout of this resistance with a pump today, target 13k$
Height of the triangle: 1000 $ (11000-12000 $)
breakout at $ 12000 + height $ 1000
Target of the pump: $ 13000