Possible Bullish Continuation pattern on 6-hour for TFUEL/BTC
We are forming a symmetrical triangle that would be a sign of a continuation to test the ATH, if it breaks to the triangle's resistance with not insignificant volume. It need not return to test the breakout as support, though it could do so anyway.
Naturally, coming up to ATH will only result in a break into new ATHs if Bitcoin continues to extend its bull market. Otherwise we could see a double top or an SOS (UT) of a wykoff distribution or some other top pattern.
Until we break from this pattern is means nothing technically.
Naturally, coming up to ATH will only result in a break into new ATHs if Bitcoin continues to extend its bull market. Otherwise we could see a double top or an SOS (UT) of a wykoff distribution or some other top pattern.
Until we break from this pattern is means nothing technically.