market price reached after a breakdown from triangle formation the 200 day moving average on 4H which is strong support and last support before 1480 $ area. I expect many buyers coming into market and a retest of triangle formation. Long/buy entry is only valid if market goes back into the triangle formation and close two 4 H candles above the trend line. Should the next 4 H candle not close above triangle trend line we can expect test of long term up trend line at 1480 $ area.
open buy order after seversal closes on 1H within the triangle formation open sell order after several closes on 1H under the triangle formation
-regular RSI reached heavy over selled area and started reversal -stochastic RSI baselines crossed bullish and reached support area -MACD baselines going to cross bullish soon which brings buyers into the market -Bollinger bands started sideways movement which implements upwards correction movement