and falling down a gann fan. Rejection at the current resistance of the triangle and the red gann line will print a hidden bearish divergence. Price rejection should be confirmed by the daily candle close.
Although price has moved by 6% in last 2 days, volume is not significant or indicative of a breakout. I expect price to stay within the triangle till the end of the month.
On the macro scale price action is still bearish and has fallen below major trendline since the peak at 10.4k.
Although price has moved by 6% in last 2 days, volume is not significant or indicative of a breakout. I expect price to stay within the triangle till the end of the month.
On the macro scale price action is still bearish and has fallen below major trendline since the peak at 10.4k.
