We are soon arriving at the end of the symetrical triangle.
Many signs to support an exit of the symetrical triangle on the bearish side with a trend reversal
- RSI divergence on the current ascending channel (red support and blue resistance)
- Very strong old resistance (green) confirmed by RSI
I will watch which direction it takes, if it's a bearish exit, then will sell coins and wait for a better time to re-enter.
If the exit is bullish, better wait confirmation for a safe trade to buy at 440-475, with target at 660. Stop loss 300.
This is where the green resistance comes from :
Many signs to support an exit of the symetrical triangle on the bearish side with a trend reversal
- RSI divergence on the current ascending channel (red support and blue resistance)
- Very strong old resistance (green) confirmed by RSI
I will watch which direction it takes, if it's a bearish exit, then will sell coins and wait for a better time to re-enter.
If the exit is bullish, better wait confirmation for a safe trade to buy at 440-475, with target at 660. Stop loss 300.
This is where the green resistance comes from :