In my opinion, According to the good reactions in RSI as well as support and resistance points.
- An upward break of the triangle can move it into the resistance zone.
- It can also move into the strong support area if the triangle breaks downward.
- This area is very sensitive, you should also pay attention to the dollar index, I mean DYX.
Since the market is currently trend is downward. So, In my opinion, if the ceiling of the channel breaks, the price can rise to the resistance point, otherwise it can continue to the very strong support area.
To change the current market trends, the price should be stabilized on the resistance area.
In my opinion, we can enter after breaking the static roof and stabilizing the price above it.
- Check the points.
- Wait for breaking the roof of static resistance.
- Observe the stop loss.
- It definitely depends on BTC.
