For this time we have strong Weekly Resistance Line (0.618 Fibo, app. 7.8k$) and Senkou Span B (Red Line) as a Resistance and that's why the price cannot move upper. But daily support line (app. 6.8k$) is strong enough. In another hand, Triangle had formed. Depending on the direction of breakdown, the price can go to 12k$ or to previous support line (app. 6.0k$). In closest time a more realistic case is uptrend.
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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.