I was looking for a possible ascending triangle with a bullish breakout but our tops aren't matching as nicely as I would like and prices failed to break a major resistance, coinciding with RSI in overbought territory.
I'm thinking the price will drop to the long term trend line once more before it retests resistance. Would love to hear others' thoughts but I'm going to go ahead and short.
I'm thinking the price will drop to the long term trend line once more before it retests resistance. Would love to hear others' thoughts but I'm going to go ahead and short.
Note
imgur.com/a/Yjx82And if we look at the hourly we're in a descending trend channel that just hit its top
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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.