Price is testing the apex resistance of the triangle, creating a which is also . has been decreasing, be ready for a drop.
is crossing down its signal line in multiple timeframes.
4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
If it doesnt drop, and breaks up, it could mean the end of downtrend. Daily shows room for uptrend.
I am very green at this so I welcome all feedback
Dropping as predicted :)
but i am a bit concerned, that we don't surpass the 10k, because it was such a strong resistance... maybe i should also make a long position at ~10k :D
A Picture perfect breakout from a symmetrical triangle would give us a target of 7.2k.
Support at the 10k level is strong and its even stronger at the major uptrend support line in green. 8.8-9.2 is more realistic. We have to wait and see what happens at 10k though.
but where to set a SL? that it drops beyond 7.2k is very unlikely to me.