We can see a triangle, seemingly everyone has written on it. The triangle is with decreasing resistance and a flat bottom, which tells us that the shape is bearish. The trading strategy is very simple.
- If the price breaks through the previous high of $8330, the growth is likely to continue to $8500 and possible even higher.
- While the high $8330 is not broken, the probability of a decline remains at a rather high level, so you should SHORT.
