Hi traders,
2 scenarios:
1 - Ascending Triangle that could retrace to 47500 before an uptrend price action is performed
2- Ascending Triangle bring a momentum uptrend breaking the resistance levels
I am more of the 2nd scenario; because we identify a ascending Triangle pattern and a bullish expanding triangle.
Which might give a neutral sentiment either uptrend or downtrend, however price action are for me conditioned to continue breaking the resistance at 50800 EUR per BTC.
Like if you agree, comment if you have feedback
Regards and take care,
Kevin C. Best
2 scenarios:
1 - Ascending Triangle that could retrace to 47500 before an uptrend price action is performed
2- Ascending Triangle bring a momentum uptrend breaking the resistance levels
I am more of the 2nd scenario; because we identify a ascending Triangle pattern and a bullish expanding triangle.
Which might give a neutral sentiment either uptrend or downtrend, however price action are for me conditioned to continue breaking the resistance at 50800 EUR per BTC.
Like if you agree, comment if you have feedback
Regards and take care,
Kevin C. Best
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.