Im coining this pattern as the tipping beaker.
With current tensions abroad and the futures market leading the way, we should be on track for a Mcap reset.
Peep MACD and RSI bearish divergence. With RSI crossover already occurring.
Target 47.89 then 43.41 which is fib 50 level. From there we should see if we'll go lower or higher.
Good luck fellow chartist
Expecting the beast to stop correction to go higher around shaded ellipse .
Watching 34K level for confirmation - Once confirmed we should see base formed within the bonds of the current weekly triangle structure.
Our confirmation should look like the "W" bouncing off dynamic ascending support level.
Even though we are making higher highs we are over bought on weekly with daily showing exhaustion w/ equal highs.
Divergence is getting worse as the price moves up.
Daily has sell signals galore.