As you can see, the price reached good support after a drop and was able to grow. Now that the price has compressed and created a triangle for us, we are facing two scenarios:
1_ According to the beginning of the upward trend, succeed in breaking the ceiling and move to the specified goals.
2_ The price should fall from here until the support area is determined and then it starts to climb. In our opinion, scenario 1 is more tolerant.
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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.