Conditions are set for the formation of a triple top, we can see that in the 2nd valley. The first bounced at ~7.8k and this last bounce was at ~8.5k. Further reinforced by the rallying on our candle patterns. And we broke the .236 level but only barely.
Senkou span A & B have undergone a Kumo Twist and have begun to widen since.
Our Chikou span has still not made an upcross on the price, Tenkan sen tells us that the market is still trending, and Kijun Sen has taken a horizontal position under price indicating there may be a small cool off period coming up.
All of these indicators are confirmed on the StochRSI. We can see that it bounced off the ~55 mark with a taking place.
Theres a small taking place on the as well. The last time we saw a bounce at this level was 2/6/18 and it brought us from ~6.8k and didn't lose steam until we saw the 11.6k mark.
All of this is backed by the increasing we've seen move in over the past 12 hours.
If the holds steady I would expect to see the completion of our triple top in the next 2 days putting us at or around the 11k mark.
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