We have the big longterm triangle that we are ranging in since the fall in december.
We can also see 2 support trendlines that have held strongly before.
Last days we observed that the first supportline at 8400 broke and it triggered a big dump. Then we went to form an ascending triangle which broke out and had quite a pump, but it was a fakeout and got invalidated.
Right now support of 7800 is breaking and we can expect the price to fall towards the 7500-7600 area where the second supportline trendline is.
We can also see 2 support trendlines that have held strongly before.
Last days we observed that the first supportline at 8400 broke and it triggered a big dump. Then we went to form an ascending triangle which broke out and had quite a pump, but it was a fakeout and got invalidated.
Right now support of 7800 is breaking and we can expect the price to fall towards the 7500-7600 area where the second supportline trendline is.
Comment:
Support found on the trendline opening long. Use SL
