In the H4 there is a consolidation , its forming a bullish Pennant atm.
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
AND
there is always the possible BREAKOUT downwards so wait for CLOSE above !!!
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
AND
there is always the possible BREAKOUT downwards so wait for CLOSE above !!!
Note
UPDATE:
Now we have hear a Bullish Flag ... Lets see if the Flag stay valid
Note
After the breakdown we are at a Decision Point.
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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.