The Ascending Triangle is a classic Continuation Pattern. Meaning we pause, establish a price range and then continue in previous direction.. in this case up.
We also see confluence with a Weekly Support Level. Which so far, has held closing price above 9,417 since 6/21/2019.
It is a possibility we break this pattern and all the signs are lying to us.. but this is Bitcoin.. if you see a bullish pattern - you LONG.
We also see confluence with a Weekly Support Level. Which so far, has held closing price above 9,417 since 6/21/2019.
It is a possibility we break this pattern and all the signs are lying to us.. but this is Bitcoin.. if you see a bullish pattern - you LONG.
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