On my previous analysis, the price broke out of the symmetrical triangle in favor of the bulls.
However, the chart is forming a symmetrical triangle(white) yet again. As you can see, the price is also respecting a rising channel(blue). Moreover, the volume is decreasing, diverging with the chart.
As the price is nearing a squeeze and a possible breakout, who do you think will prevail this time, the BULLS or BEARS?
I am new to the cryptocurrency and overall chart analysis, so a feedback would be appreciated!
-JISOO
However, the chart is forming a symmetrical triangle(white) yet again. As you can see, the price is also respecting a rising channel(blue). Moreover, the volume is decreasing, diverging with the chart.
As the price is nearing a squeeze and a possible breakout, who do you think will prevail this time, the BULLS or BEARS?
I am new to the cryptocurrency and overall chart analysis, so a feedback would be appreciated!
-JISOO
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.