With the presence of a possible Ascending Triangle, and possibly an Inverted H&S:
the price could go looking for the top of the Parallel Channel @ $ 12,350
DISCLAIMER: You alone are responsible for your positions.
the price could go looking for the top of the Parallel Channel @ $ 12,350
DISCLAIMER: You alone are responsible for your positions.
Note
To survey: Left Shoulder = $ 9880 = Right Shoulder = Support line of the triangleNote
If invalidate = target $ 8k7Note
As expected (see my comment below), the crossing of the red trendline will not be smooth, with for the moment a first rejection:Note
The price is still stuck between the two lines of trend that I had highlighted:Imminent breakout, we will be fixed on the next trend.
Note
Bearish trend line finally defeated on the tip of the triangle, closer to the bullish trend line that marks the point and gives us a bull signal with the $ 10k found:Trade active
The resistance of my downward parallel channel (white line) is heavily worked for 5 days with the formation of a bullish trendline support:So I expect an imminent breakout of this resistance with a pump today, target 13k$
Height of the triangle: 1000 $ (11000-12000 $)
breakout at $ 12000 + height $ 1000
Target of the pump: $ 13000
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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.