On the daily chart, we see that the ascending triangle is almost complete and the market needs to decide where to move.
At the beginning of the triangle, we see that a double top has formed, and only now the price has tested this resistance level.
There are two scenarios for the development of price action:
First, the price will break up and continue to rise.
Secondly, the price will not be able to find support on the bullish trend line, break it down and continue the downward movement until a stronger support zone is reached.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
At the beginning of the triangle, we see that a double top has formed, and only now the price has tested this resistance level.
There are two scenarios for the development of price action:
First, the price will break up and continue to rise.
Secondly, the price will not be able to find support on the bullish trend line, break it down and continue the downward movement until a stronger support zone is reached.
If you like ideas like this, please like and subscribe to this channel so as not to miss another technical analysis .
Write your opinion about it in the comments. I would like to discuss this with anyone.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。