This 100MDA,as well as a Fib level that is currently in play is all that stands between us and low 9k's playing out.
general rules apply in this triangle Keeping a eye on the whole market in general BTC move will affect this and BTC looks poised to make a move soon enough, will look to enter a position on EOS soon enough.
Having the recent pump done the second shoulder could now be forming on the daily, most indicators do point towards us hitting the neckline and going down again, strong buying intrest and opportunity in the low 7ks and maybe a possibility of a wickoff in the 6.9 area, either way if this partern is confirmed a strong bull movement could follow.
Even with the recent ''bullish'' feeling in BTC we still have a ways to go towards the trendline set in December lots of oportuniteis to catch a dip or sell some tops when we start going up, Keep an eye on resistance areas on the way up and support zones when we dip these will be high volume areas where people will try to open new longs/shorts
BTC forming a Ascending triangle after the previous lows Higher lows on BTC after bottom Watch volume for a possible breakout
BTC nearnring the trendline gonna be a more intresting getting closer near to the trendline
hit the top of the ascending channel might go a bit lower before continuing a slow and steady rise. Keep a eye on a potential break-out in the ascending channel over the next few days next big obstacle is the trendline
Watching these levels on BTC, next few days gonna be intresting