The price, after forming a pennant pattern, has broken it to the upside, gaining momentum to a new high, where it has encountered previous resistance at $ 28,400.
Now a bullish triangle or cup pattern could form, depending on the next move. If it loses the white support line, not yet confirmed, it would have dynamic support at the 50 moving average. If it bounces off either of the two supports, except for changes in volume, we do not foresee a break from the previous resistance, but rather a rebound. or laterization period to consolidate the price, although it is most likely that there will be a stronger correction.
Now a bullish triangle or cup pattern could form, depending on the next move. If it loses the white support line, not yet confirmed, it would have dynamic support at the 50 moving average. If it bounces off either of the two supports, except for changes in volume, we do not foresee a break from the previous resistance, but rather a rebound. or laterization period to consolidate the price, although it is most likely that there will be a stronger correction.
