1h chart Breakout of the ascending triangle. I think we reached the top of the wave 5 at 9307$. We can see a cup and handle, a good bullish continuation pattern. Next milestones : - ABC correction to fibo 0.382 around 8221$ - New bullish cycle to reach (and break ?) major resistance around 11600$ ***Do not trade with my TA, It's not a recommendation to buy or sell.***
1h chart Wave C target is ~10200 (top of the downtrend channel)
1D Chart We can expect the formation of a third inverse H&S with a target of ~30k. ***Do not trade with my TA, It's not a recommendation to buy or sell.***
4H chart We have a second inverse H&S in formation with a target of ~15k.
2H Chart Rising wedge in formation, usually a bearish reversal pattern with volume decreasing as prices rise and the wedge evolves. Major resistance : - Around 10k2 - Around 12k4 Support zone : - Around 9k (old neckline from inverse H&S pattern) ***Do not trade with my TA, It's not a recommendation to buy or sell.***
1D CHART IF MA50 cross MA100 = bearish ***Do not trade with my TA, It's not a recommendation to buy or sell.***
4H chart ***Do not trade with my TA, It's not a recommendation to buy or sell.***
Possible breakout in the next few hours
1D chart 1st support /buy zone around 7700 2nd support /buy zone around 5500 RSI oversold ***Do not trade with my TA, It's not a recommendation to buy or sell.***