The Ascending Triangle is a classic Continuation Pattern. Meaning we pause, establish a price range and then continue in previous direction.. in this case up.
We also see confluence with a Weekly Support Level. Which so far, has held closing price above 9,417 since 6/21/2019.
It is a possibility we break this pattern and all the signs are lying to us.. but this is Bitcoin.. if you see a bullish pattern - you LONG.
We also see confluence with a Weekly Support Level. Which so far, has held closing price above 9,417 since 6/21/2019.
It is a possibility we break this pattern and all the signs are lying to us.. but this is Bitcoin.. if you see a bullish pattern - you LONG.
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Disclaimer
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.