If the current level fails to resist the price the next possible top is ~5652.
Violet line is the trendline from two previous ATH which coincides with the expansion of the descending channel.
Violet line is the trendline from two previous ATH which coincides with the expansion of the descending channel.
Note
I mean trendline from the previous ATH and the next almost ATH top. It would be a triple top pattern.Trade active
Well, it kinda worked. Now we need the price to breakout of the ascending channel to confirm the reverse.Note
Unfortunately this is not a triple top. Will be waiting for a breakout of the ascending channel to enter new short.
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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.