I am not much of a trader, but I saw this possibly open, then we fell out of it and we just recently broke inside of it again and tested the bottom of the fork.
I suspect we will go up towards middle of fork and then come back to retest the bottom, and then up towards the resistance @ 300 :)
Just an idea, I already have a *small* position open, with stops and liquidation prices way outside of the fork.
I just happened to get lucky and get a long off the ground. Now I increase leverage as we show we are inside the fork.
NOT financial advice. Join EasyX community https://discord.gg/ScP7MD
I am LONG on this one :)
As long as we stay above the lower line the pattern is still valid. The price SHOULD bounce between the bottom and the top lines, with resistance at the middle, in an upward trend.
I believe this fork will take us up to 300USD, and may be valid beyond 300USD.