Arguments for short:
- Last price jump moved over two resistence levels and stopped on Resistence2. So there is a space for correction to Resistence1=new support or up to the level denoted Support.
- Engulfing kandle in the last triangle.
- Last triangle is beeing tested from the bottom just now.
- Previous two triangle breakouts did not lead to significant price increase.
Argument for long:
- Price move up can continue just because there was a long bearish trend so some correction up might be possible.
- Last price jump moved over two resistence levels and stopped on Resistence2. So there is a space for correction to Resistence1=new support or up to the level denoted Support.
- Engulfing kandle in the last triangle.
- Last triangle is beeing tested from the bottom just now.
- Previous two triangle breakouts did not lead to significant price increase.
Argument for long:
- Price move up can continue just because there was a long bearish trend so some correction up might be possible.
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