Bullish Cypher in the making?
This is just an idea, nothing too serious yet at least. There's resistance at around $8680 which just so happens to be at the 1.130 fib extension of the C leg of the bullish cypher. If the price gets up to the $8680 area and doesn't close above it, we will most likely see class A bearish divergence and retrace down to around the $7250 area which would be the entry for for this pattern. Let's see what happens.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.