On the 4 hour we can see that all candles are moving higher, which means that there is still strong bullish trend.
The price was squeezed in an ascending triangle, after which price broke through the resistence level.
I now believe that there will be a retest of the new support level, which will be rejected, and the price will continue to rise to the next target key level.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.
The price was squeezed in an ascending triangle, after which price broke through the resistence level.
I now believe that there will be a retest of the new support level, which will be rejected, and the price will continue to rise to the next target key level.
If you like such ideas, please leave a like and follow this channel so you don't miss another analysis.
This is NOT a FINANCIAL ADVICE. This is just my point of view on the current situation.