Ascending channel
Keep in mind: we are in price discovery ➡ many unknowns
Not financial advise.
I am not an expert, just my opinion.
Good luck all!
- Textbook: bullish continuation
- RSI: remains bullish
- VWMA + SMA = confirms uptrend
- Bearish breakout of channel ➡ needs additional confirmation
- Target ≈ 66/68k
- Key support level ≈ 52k (0.618 fib level)
- Possible bullish scenario: continuation of upward trend towards target area
- Possible bearish scenario: breakout of channel (+ confirmation) ➡ we might see a double top pattern before a reversal in trend/correction
Keep in mind: we are in price discovery ➡ many unknowns
Not financial advise.
I am not an expert, just my opinion.
Good luck all!
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.