Just a simple symmetrical triangle pattern with initial measured targets for either scenario:
Breakout - targets just below 85k
Breakdown - targets just below 40k
Good luck!
Breakout - targets just below 85k
Breakdown - targets just below 40k
Good luck!
Trade active
Broke out of the top, successful re-test. Be wary though as while this is still valid, there is some indication that we could instead see a dip to or even below 40-50k area before actually moving up to new ATHs:Note
Note that there is also higher red volume vs. green leading into this move and prior
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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.