4-hour time frame shows the formation of a triangle pattern, for which two scenarios can be imagined:
First, the pattern breaks from above and pullbacks to the broken level and continues to the next resistance (breakout)
Second, a fake break from above the pattern and returns to the triangle and continues to correct to the desired support (fake breakout)
Trade closed: target reached
UpdateCurrently, the price has reached the resistance level with a break above the triangle pattern candle. If it stabilizes above this resistance, the next resistance level is $115,000.
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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.