We're printing an ascending triangle on the daily, which is not a bullish pattern. I see a possible pullback to the lower 90k zone and (ideally) around 87-88k support.
However, the FOMO is still ongoing, so we could first make another push on the upside and after that make a correction, which could change my target zones.
Watch closely the PA and the volume. Declining volume will indicate upcoming correction for sure.
However, the FOMO is still ongoing, so we could first make another push on the upside and after that make a correction, which could change my target zones.
Watch closely the PA and the volume. Declining volume will indicate upcoming correction for sure.
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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.