I rarely go counter-trend, but this is a very clean bear flag pattern.
After a large sell-off, the price retraced weakly, suggesting the bears are still in control.
Next area of buying pressure is at $1800 and a potential risk:reward of up to 5:1 makes it a trade worth making in my opinion!
All the best,
Ascending triangle pattern coming to completion.
Bias is bullish.
Two ways to play it -
1) Buy now and hold, hoping it breaks out (best profit potential)
2) Wait for breakout of triangle and then enter position.
Stop if price breaks the triangle to the downside.
Momentum is bullish.
Price has broken out of range.
Has been roughly respecting the 50mA recently.
Wait for pullback to support line and wait for 50mA to catch up to price.
Buy if there is a bullish reversal candle.
Currently in a bullish trend, now pullback after parabolic move.
Confluence of resistance, 50mA and previous upward trend line could be a good place for price to bounce-back.
Enter in the highlighted area on bullish reversal candle.