We must admit when we don't know and for me tonight is the case!
Indeed, volumes and volatility are down, tightening around the target reached the Cup & Handle which has allowed us to approach recently the $ 14k.
The bullish fuel of this Cup & Handle being exhausted, the market is clearly waiting for bull or bear signals.
The vise should therefore continue to tighten until it suddenly regains a strong upward or downward slope at the exit of the symmetrical triangle that I have highlighted to you, and which is the sign of this strong uncertainty that not allows me to give you a bull or bear opinion immediately!
On the other hand, depending on whether the oblique support of this isosceles triangle is broken down or that its oblique resistance is broken up, you will be fixed on the tendency to aim!
Indeed, volumes and volatility are down, tightening around the target reached the Cup & Handle which has allowed us to approach recently the $ 14k.
The bullish fuel of this Cup & Handle being exhausted, the market is clearly waiting for bull or bear signals.
The vise should therefore continue to tighten until it suddenly regains a strong upward or downward slope at the exit of the symmetrical triangle that I have highlighted to you, and which is the sign of this strong uncertainty that not allows me to give you a bull or bear opinion immediately!
On the other hand, depending on whether the oblique support of this isosceles triangle is broken down or that its oblique resistance is broken up, you will be fixed on the tendency to aim!
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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.