if it crosses $9 otherwise if it stays below it will form a bearish divergence next month. $8 is the ascending triangle's target but if it is treated as a bull flag, $15 will be the target. Keep in mind that on the lower time frames there are bearish divergences up to the daily and price action near vertical on the linear scale. The monthly volume is dropping even as price rises which is not very bullish. Caution is highly recommended.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.