NFA, DYOR.
We are on the previous swing low, which acts as resistance for now.
We faked a breakout, (not confirmed on a daily TF).
Price is forming a symmetrical triangle, after a bullish impulse, which is consolidation for a continuous move up.
If the price closes above the upper line of the triangle, it can easily go up to resistance above (zone in between red lines).
RSI is highly overbought, and losing momentum, (forming potential divergence).
Up is limited, if we do not see some kind of correction.
Stay safe.
We are on the previous swing low, which acts as resistance for now.
We faked a breakout, (not confirmed on a daily TF).
Price is forming a symmetrical triangle, after a bullish impulse, which is consolidation for a continuous move up.
If the price closes above the upper line of the triangle, it can easily go up to resistance above (zone in between red lines).
RSI is highly overbought, and losing momentum, (forming potential divergence).
Up is limited, if we do not see some kind of correction.
Stay safe.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.