breakout
chartpattern
fundamental
hold
indicator
midterm
swingtrading
sxpusdt
thetausdt
trendanalysis
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At this point, we are in a strong resistance zone of EMAs; looking at the trend, the chart was not able to make HHs, and also the higher low isn't really significant and also EMAs are fluctuating near the price, which we can imply that a stronger trend would begin. Also, the chart has formed a flag pattern that the probable breakpoint is near the strong resistance...
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We have our dynamic support of EMA 200 and is about to have its 7th touch of the triangle pattern, it is going to break it out and after the retest going to reach its ATH and most likely to make a new one as we are expecting positive fundamental pulses.
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