Hello,
Relating to the last chart, we are approaching the pink line of the descending triangle.
Looking at the stochastic : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the RSI : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the EMA : We see that the pink line crossing can correspond to a golden cross, that could validate the importance of this triangle.
In my opinion, I'll try a short trade for next move with the bottom of the triangle as target. Then we have to make an strong analysis to understand what will happen next.
There is a chance that the price will beat right now the descending triangle but technical indicators are showing the contrary. Don't forget the to put safety limits.
Relating to the last chart, we are approaching the pink line of the descending triangle.
Looking at the stochastic : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the RSI : Overbought on 1H, 2H, 6H, 1D, 2D, 3D chart.
Looking at the EMA : We see that the pink line crossing can correspond to a golden cross, that could validate the importance of this triangle.
In my opinion, I'll try a short trade for next move with the bottom of the triangle as target. Then we have to make an strong analysis to understand what will happen next.
There is a chance that the price will beat right now the descending triangle but technical indicators are showing the contrary. Don't forget the to put safety limits.