Who will prevail, BULLS OR BEARS?
On my previous analysis, the price broke out of the symmetrical triangle in favor of the bulls.
However, the chart is forming a symmetrical triangle(white) yet again. As you can see, the price is also respecting a rising channel(blue). Moreover, the volume is decreasing, diverging with the chart.
As the price is nearing a squeeze and a possible breakout, who do you think will prevail this time, the BULLS or BEARS?
I am new to the cryptocurrency and overall chart analysis, so a feedback would be appreciated!
-JISOO
However, the chart is forming a symmetrical triangle(white) yet again. As you can see, the price is also respecting a rising channel(blue). Moreover, the volume is decreasing, diverging with the chart.
As the price is nearing a squeeze and a possible breakout, who do you think will prevail this time, the BULLS or BEARS?
I am new to the cryptocurrency and overall chart analysis, so a feedback would be appreciated!
-JISOO
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