Hello everyone,
First we can notice we're in an ascending triangle very close to the 0.505 res if we confirm a bullish exit we probably will break the resistance and then we don't have any resistance before 0.61
We could also argument about a cup and handle pattern on the daily chart with neck line at 0.415 that would also point toward a big pump incoming
However the rsi is still very overbough and we didnt really got a correction from the recent pumps
So if we break this triangle bullish we should go back first to the 0.45 res and if we break it bullish we should see a very steep price increase
As always have a good day and safe trade to you
First we can notice we're in an ascending triangle very close to the 0.505 res if we confirm a bullish exit we probably will break the resistance and then we don't have any resistance before 0.61
We could also argument about a cup and handle pattern on the daily chart with neck line at 0.415 that would also point toward a big pump incoming
However the rsi is still very overbough and we didnt really got a correction from the recent pumps
So if we break this triangle bullish we should go back first to the 0.45 res and if we break it bullish we should see a very steep price increase
As always have a good day and safe trade to you
