From a purely chartist point of view and short-term target, we are apparently in the (very common) case of an ascending triangle exit with pullback in support of the old resistance line.
The target is calculated on this new support by postponing the height of the triangle, an upward target at $ 9400 for early June 2019.
From an indicator point of view, the RSI 14 has fallen to an interesting value, similar to those that gave the two previous "pump".
DISCLAIMER: This is not an investment advice.
Do not listen to any "prophet". Invest only what you are willing to lose.
The target is calculated on this new support by postponing the height of the triangle, an upward target at $ 9400 for early June 2019.
From an indicator point of view, the RSI 14 has fallen to an interesting value, similar to those that gave the two previous "pump".
DISCLAIMER: This is not an investment advice.
Do not listen to any "prophet". Invest only what you are willing to lose.
