I'm watching this potential Symmetrical Triangle Scenario on the 4 Hour Chart. Right now the price is holding support above the yellow trend line so this could be forming a bump and run reversal bottom. If this is true then we could see a pump to around 29.1k which is the 78.6% retracement and that's also where the May Monthly Pivot Points are.
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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.