after break out from the flag as u see a triangle pattern is going to get shape -probably we will have a breakout to upside . but the bullish well be short until our next resistance and fibos ( black lines ) we have lot of strong resistance in our way for a good range of bullish i could show u in 1 day chart if i did know how to use 2 chart in my published chart( let me khow if u know how tnx ) we have a lots of signals for bullish but we cant trust to market these days so be carefull. and remember im new in analysis so help me to learn more thanks
Kommentar
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one more think checkout the rsi its right on 50% so i think our next move will be depend on volume and rsi when it goes above 50% we can be sure
I agree, we are settings up for a breakout right now, but the question is in which direction. My concerns are the lack of volume and the fact that we already have attempted two good stabs at the current resistance and failed, my fear is that this is a trap to the downside. I would be very cautious as we are still in a bear market, MACD and MA is not convincing me, if someone takes a dump we will move down very fast, orderbook is looking a lot thinner than the overhead resistance, i guess next 6h candle will tell the story. Stay safe.
mohamad_r
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@ethhunter, ur soo right breakout may happen in other side by just a little pull back