I believe these ascending triangles are pointing to a breakout here, converging right at 
25K, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning towards a breakout. If we get above $25200 cleanly we should consolidate somewhere above 25K, and then after that, could be a pretty clear path to 28k or so, given the large volume gap in the 25-28k range. This all seems obvious though, and crypto rarely does the most seemingly obvious thing.
25K, and it could be the one to finally overcome this beast of a resistance. Been a tough battle here. The triangles are a little malformed, but clearly they're getting smaller, and culminating to a point. We are almost there... rejection wouldn't surprise me, but I'm leaning towards a breakout. If we get above $25200 cleanly we should consolidate somewhere above 25K, and then after that, could be a pretty clear path to 28k or so, given the large volume gap in the 25-28k range. This all seems obvious though, and crypto rarely does the most seemingly obvious thing.Note
Would have been sweet. Trade did not end up breaking ~$25,200. It gave it a good test though and fell back down to the same range we were in prior.Note
Ok despite the rejection there is still ascending triangles playing out on the longer time frames. Looking for a retest in about 4-5 hours based on this chart, and hopefully this time we will have the volume and momentum to break through 25k. The flat top in this current trend is very bullish.
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.
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.