Inside an ascending wedge squeezed between the weekly 12 ema and the 30min 200 ema with the 4h 33ema providing consistent support. Currently price is breaking above the triangle and 6.2k resistance zone but a break out requires 4H confirmation because false breakout have been common.
Slight bearish divergence up to he 1H suggests a downward movement.
A downward break will be consistent with a bear flag which is the appropriate pattern considering the recent price action.
Slight bearish divergence up to he 1H suggests a downward movement.
A downward break will be consistent with a bear flag which is the appropriate pattern considering the recent price action.
Kommentera:
$6450 acting as resistance top of 4H cloud
Break under triangle must confirmed by close of 4H candle
