Just a little scenario in case this triangle breaks downward. Entering the 2H cloud for Edge-To-Edge towards the flat edge. That correlates with the top of the 4H cloud where it should find support along with the trendline and the recent price support level. Which will bring it into the area for Wave 5 of my previously plotted Elliot Cycle.
Currently squatting on the final 0.236 fib from ATH. Ichimoku in full bear costume. Oscillators gasping and/or neutral. Would be a nice speculative edge-to-edge if price manages to close in cloud, but would have to break through the years old downward trendline again to return to the all-time 0.382 fib. I wouldn't take it. Probably needs bitcoin to **** the...
Currently in pennant, 1D ichi not much use but suggests support in $19-$20 range, which coincides with 50% fib of recent pump. Kijun is further support at the top of the embryonic cloud.
Top of channel, bull pennant breakout and fib extension all agree on $35 American Pounds in the medium term.
1D Oscillator looking tired, approaching weak cloud, bearish TK and trailing price about to enter price. Unless spike to get above cloud recross soon i see a retrace to 0.382 or perhaps lower trend line before reversal to test local high.
Also dependent on potential BTC mewn or dewm as per.