1h chart
Breakout of the ascending triangle. I think we reached the top of the wave 5 at 9307$.
We can see a cup and handle, a good bullish continuation pattern.
Next milestones :
- ABC correction to fibo 0.382 around 8221$
- New bullish cycle to reach (and break ?) major resistance around 11600$
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Breakout of the ascending triangle. I think we reached the top of the wave 5 at 9307$.
We can see a cup and handle, a good bullish continuation pattern.
Next milestones :
- ABC correction to fibo 0.382 around 8221$
- New bullish cycle to reach (and break ?) major resistance around 11600$
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Сделка активна:
The wave 5 is ended and reached 9767$ after all.
I modified fibo retracement, we can expect a bounce from three support level :
- Old support around 8700/8800$
- Fibo 0.382 around 8508$
- Fibo 0.5 (and old trend line) around 8124$
I modified fibo retracement, we can expect a bounce from three support level :
- Old support around 8700/8800$
- Fibo 0.382 around 8508$
- Fibo 0.5 (and old trend line) around 8124$