🤷♂️There was not much trading volume over the weekend, and it was in a complex consolidation phase recently, so the entire market did not change much.
🧠Based on the previous analysis posts of different cycles, the structures we can most likely build here are the cup-handle structure and the ascending triangle structure.
➡️If it is a cup-and-handle structure, then we will soon see an upward breakthrough, and the step back after the breakthrough is our entry opportunity.
➡️If it is an ascending triangle structure, then we still need to wait for a period of time, waiting for the price to be compressed to the smallest possible space before it starts to explode. When it breaks through the upper edge of the ascending triangle, it is our entry opportunity.
⚠️Note that if the price falls below the bull defense point, it means that the probability of a sharp adjustment increases, and the most pessimistic scenario may occur.
☕️Which scenario would you most like to see happen? Please leave your views in the comment section.👇