Let's look at the 4H chart. Here we can see a big pennant forming after a huge upward movement, and a small symetrical triangle after recent up 2 days ago. First we have to look how symmetrical triangle will end up, and if it breaks down (most likely, looking at stochastic) we should look at the level of the red trendline, where we expect bounce up and breaking the pennant upward. Pending orders should be placed above 43.00 USDT level
Commentaire:
triangle broken, heading to support level