Here we are again, at the edge. A break above the current price is an extremely bullish signal, of course, buying the breakout doesn't work in crypto. It could just be another fakeout. If i was to be confidently long here, I would like another touch on the bottom of the Right Ascending Triangle, for the RSI to reset in the oversold position on the daily, and for the volume to increase on the next bull run. I think its possible for the price to revisit the 7000-10000 mark, thereby confirming the Right Triangle pattern. I think this would be healthy for the coin in the long run, and to allow for a strong bull run next year.
I'd love to hear your thoughts and criticism. Trade easy!
I'd love to hear your thoughts and criticism. Trade easy!