This is clearly the kind of market we need to wait to see what happens before trading.
We can clearly see a very strong bullish pattern as the ascending triangle, but also a big bearish pattern as the shoulder-head-shoulder pattern.
I would wait for comfirmation, if it tastes the support and we see price rejection, it will go long, if it breaks the support it will probably go down.
LONG:
- Ascending triangle
- Trend is bullish since 2020
- It is almost at the trendline
- Stochastic looks like it wants to go up
SHORT:
- Shoulder-Head-Shoulder
I would wait for comfirmation, but I'm expecting it to go LONG.
We can clearly see a very strong bullish pattern as the ascending triangle, but also a big bearish pattern as the shoulder-head-shoulder pattern.
I would wait for comfirmation, if it tastes the support and we see price rejection, it will go long, if it breaks the support it will probably go down.
LONG:
- Ascending triangle
- Trend is bullish since 2020
- It is almost at the trendline
- Stochastic looks like it wants to go up
SHORT:
- Shoulder-Head-Shoulder
I would wait for comfirmation, but I'm expecting it to go LONG.