Ascending triangle.. or is it??
We see forming a ascending triangle on the 30 mins and 15 mins, accompanied with low volume.
0.78 Fibb level rejected the price a few times, without increasing volume in the coming hours there is a higher probability that we are gonna retest the 50 MA which is on the same level as the ressistance of the previous pattern. Also the rsi needs to change its course and break to the upside.
Looking for a long position in the 8550-8590ish range.
0.78 Fibb level rejected the price a few times, without increasing volume in the coming hours there is a higher probability that we are gonna retest the 50 MA which is on the same level as the ressistance of the previous pattern. Also the rsi needs to change its course and break to the upside.
Looking for a long position in the 8550-8590ish range.
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