1h chart
Breakout of the ascending triangle. I think we reached the top of the wave 5 at 9307$.
We can see a cup and handle, a good bullish continuation pattern.
Next milestones :
- ABC correction to fibo 0.382 around 8221$
- New bullish cycle to reach (and break ?) major resistance around 11600$
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Breakout of the ascending triangle. I think we reached the top of the wave 5 at 9307$.
We can see a cup and handle, a good bullish continuation pattern.
Next milestones :
- ABC correction to fibo 0.382 around 8221$
- New bullish cycle to reach (and break ?) major resistance around 11600$
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Trade active
The wave 5 is ended and reached 9767$ after all.I modified fibo retracement, we can expect a bounce from three support level :
- Old support around 8700/8800$
- Fibo 0.382 around 8508$
- Fibo 0.5 (and old trend line) around 8124$
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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.
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.