I take one glance at this and see momentum picking up again on the MACD (4h) and it's close to the top of the triangle. Could another pump finally push us into a mid-long term bull market? I see that as a possibility, as the last dump didn't send us to a retest of the low support of this triangle, we've found obvious support in the 140-ish range. Time to hunker down and wait again, not a very distinguishable trade zone, so I'm not trading anyways, haven't traded in a while so I'm doing this for fun, and as I type this is jumping from 147 to 149. CHIKUN!
Comment:
My biggest concern with this outlook is the previous low 141.02 was then made into a lower low at 138.80, so I'd like to see some higher lows and higher highs formed before/during a retest of this mutha effin resistance line.