Just forecasting right now. This looked like an ascending triangle breakout to me, which may very well be in play, but this point makes a good clean rising channel pattern as well. My last post showed a similar pattern play out on the 1hr time frame, and as I said in that post, I would expect a big move if this channel breaks to the upside.
Note
I put in low leverage short here $11,858 with a 1% risk in case we break up. The channel seems to have confirmed as resistance and there appears to be a smaller rising wedge forming inside of the channel. A throw baclk to retest the $11,250 range seems logical. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.