Price is trading in a terminating Triangle pattern and is testing the higher end currently. The congestion may end with a sharp breakout in either direction, and currently the bias is to the upside. But if price fails here and falls back below the Daily pivot point at 1.3225 we might see a run towards the lower end of the Triangle point.. In most instances will a breakout from a terminating Triangle lead to a sharp move in the direction of the breakout, and in rarer occasions, the indecision will just continue and price will fizzle on sideways, without the necessary buyer or seller pressure to push the market.
FYI. weisscryptocurrencyratings.com/ratings/weiss-ratings-issues-grades-on-74-cryptocurrencies-12
What impact will this week have and other more regulated news that could come out of Davos and BTC futures expiration on Friday? continue down?