Possible triangle on the 4hour, would see a 27k target.
A breakout from the triangle will typically see a target of about the width of the traingle, either down or upward. I'm seeing a target of 27k.
If trend lines instead form a long descending wedge pattern, we would see a breakout upward to 37k after descending to 32k over the next week.
Use to decide when to enter trades, like short now with a stop loss above the triangle.
If trend lines instead form a long descending wedge pattern, we would see a breakout upward to 37k after descending to 32k over the next week.
Use to decide when to enter trades, like short now with a stop loss above the triangle.