This broke on the upside.
I would take caution as the Descending Triangle is generally a bearish pattern.
I guess the triple bottom at 3, 4 and 6, or A and C of ABC elliot wave correction attracted some buyers and buy volume came in.
Descending triangle generally means demand for an asset is weakening as price fails to establish higher highs.
Price crossed 50, 100, and 200 Moving Averages.
Will wait for more bullish movement or break of pennant to open position, preferably close above 16k or B/5
I would take caution as the Descending Triangle is generally a bearish pattern.
I guess the triple bottom at 3, 4 and 6, or A and C of ABC elliot wave correction attracted some buyers and buy volume came in.
Descending triangle generally means demand for an asset is weakening as price fails to establish higher highs.
Price crossed 50, 100, and 200 Moving Averages.
Will wait for more bullish movement or break of pennant to open position, preferably close above 16k or B/5
노트
pennant broke on downside노트
bounced on 0.382 fib, moving up
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.