Breaking out of the descending triangle.
We are breaking out of the descending triangle to the upside on the 1hr chart, likely on our way to a new all-time high - possibly 30k, being the next psychological threshold. Therefore, the bearish divergence mentioned in my previous analysis is not likely to play out - we see the RSI increasing with the breakout as well.
Congrats to those who bought the dip.
Congrats to those who bought the dip.
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