Here is the second idea from the higher timeframe, Weekly chart. Setting on the chart on 1W tells yet another story of trend continuation if the price were to hold onto ~$54,500 levels this week. Followed by this I would expect a bullish rising wedge pattern, as I have drawn(forgive my poor painting skills) on the parallel channel to hit the 73K or 78K levels. Waiting patiently!!
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.