Consolidation coming to an end, as explained in my last idea imo such a long consolidation will end up with a big move.
Objectives in chart for both upside or downside move, where both orange boxes are key, price needs to be able of clearly closing above/below for further continuation.
Thats the key area I'm looking at if price breaks below 9k, I want to see the 7.3k area hold, for me that should be last drop before starting to move to new ATH. Starting to close below would be a clear sign of weakness.
As already explained in my last idea this week will be key imo, the break of the triangle will give us the direction that market will follow in the upcoming months, so dont get lost in lower time frame range and remember the bigger picture.
Objectives in chart for both upside or downside move, where both orange boxes are key, price needs to be able of clearly closing above/below for further continuation.
Thats the key area I'm looking at if price breaks below 9k, I want to see the 7.3k area hold, for me that should be last drop before starting to move to new ATH. Starting to close below would be a clear sign of weakness.
As already explained in my last idea this week will be key imo, the break of the triangle will give us the direction that market will follow in the upcoming months, so dont get lost in lower time frame range and remember the bigger picture.
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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.