Comments on the chart pretty much spell it out.
Price action still looks too weak to break out above the descending triangle, but I think the next movement will cause a change in sentiment, and it will gain momentum and break out quite a bit higher, just because no one expects it to currently, so that will rek the most people (which seems to be the main objective of a market). So, currently, the default expectation is for it to fail to get above $7400, and then resume the downward trend from there. However, keep a close eye on it because I will not be surprised if it goes higher just to mess with everyone.
*Not trading advice. Just my personal thoughts and ideas.
Price action still looks too weak to break out above the descending triangle, but I think the next movement will cause a change in sentiment, and it will gain momentum and break out quite a bit higher, just because no one expects it to currently, so that will rek the most people (which seems to be the main objective of a market). So, currently, the default expectation is for it to fail to get above $7400, and then resume the downward trend from there. However, keep a close eye on it because I will not be surprised if it goes higher just to mess with everyone.
*Not trading advice. Just my personal thoughts and ideas.