Ok so this is funny but I was playing around with the chart and here is what I came up with on the 1D. An ascending triangle. But ONLY if we manage to hold onto the current levels and we don't break below the ascending line in any meaningful fashion. I know this runs contrary to what I just published but I think it's a very important observation. there is still plenty of time to go with this daily candle so let's see how this plays out.
Remember always DYOR
Note
Whow...to be honest I didnt expect this but price has turned around and the low from a few hours ago was right on the ascending triangle line. The ascending triangle scenario could really play out here.
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.