A while back we were tracking this monster ascending triangle. We popped out came back for back test , lost the backtest and ever sinc we have been super weak. Usually a failed breakout is a big sign of weakness
As of now we have made a rising wedge as we have sat under that same ascending triangle prevopus suppor as resiatnce. As this is a bearish pattern and a bearish sign, the ichumochi cloud resiatnce we have been getting ROcked from is now attempting to hold as suppprt on the 3 hour. But on td 4 hour we hav resiatnce 2.25 we need to clear. The daily we have been holding strong on the green ichumochi cloud which is a bullish sign. rSi looks like a head and shoulders pattern as does the chart proce axtion, so a few warning signs however I have seen that head and shoulders looking patterns turn into a HUgE W. Keep and eye on 2.17$ if we start to lose that we could see another tumble. If we rip their 2.25 this could be a strong sign !! Hope this al helps !! Trade safe
As of now we have made a rising wedge as we have sat under that same ascending triangle prevopus suppor as resiatnce. As this is a bearish pattern and a bearish sign, the ichumochi cloud resiatnce we have been getting ROcked from is now attempting to hold as suppprt on the 3 hour. But on td 4 hour we hav resiatnce 2.25 we need to clear. The daily we have been holding strong on the green ichumochi cloud which is a bullish sign. rSi looks like a head and shoulders pattern as does the chart proce axtion, so a few warning signs however I have seen that head and shoulders looking patterns turn into a HUgE W. Keep and eye on 2.17$ if we start to lose that we could see another tumble. If we rip their 2.25 this could be a strong sign !! Hope this al helps !! Trade safe