Symmetrical Triangle Continuation of Recent Bullish Reversal
Updated
Bitcoin Cash is consolidating in a nice little symmetrical triangle. It appears to have started a recent intermediate uptrend around 18:00 on 11/16. This triangle may breakout and continue the uptrend.
RSI seems to be stable at the 50 support line.
RSI seems to be stable at the 50 support line.
Note
Breakout of triangle has occurred. HOWEVER-this high was NOT higher than the previous high. Waiting for a higher high for a stronger confirmation of the bull trend
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