The price range is going to tighten here; also, it is ranging beneath the top of the triangle. On the other hand, 2.69$ is ATH and strong resistance for the bullish movement. In my opinion, there will be a breakout to the new ATH, but we must be alerted about BTC.
!!!DISCLAIMER!!!
THIS IS NOT FINANCIAL ADVICE TO TAKE A LONG POSITION AND WOULD BE GLAD TO BE...
It is obvious. the price is going to 42K, its another resistance ahead. Meanwhile, all four EMAs (20, 50, 100 & 200) are at the top of the current price.
!!!DISCLAIMER!!!
DO NOT MAKE A DECISION ON MY ANALYSIS. THIS IS JUST MY IDEA
This is shown that candles couldn't break the trendline here, which is strong resistance here. Also, price movement reacted to the rectangle twice; now, it seems that a new reaction will happen, on the condition of traded volume. I am just waiting for forming of the candle on the daily timeframe.
DISCLAIMER: THIS IS JUST MY IDEA, AND I AM A NEWCOMER TO THIS...
As can be seen, the last candlestick reacts to the drawn trend line and its shadow has touched it. RSI indicator is at 31.2 now and if in the daily time frame the price reaches 1.9448, the body of the candle will be formed on the top of the EMA 200 and long-term upward movement will keep continuing.
Attention: NOT FINANCIAL ADVICE, just my idea
