In this descending triangle. Usually a bearish pattern.
The long wick is telling us the bears are strong and it pushed the price back in the triangle.
If we break the local support we can see a retest of the major support which is the bottom of the triangle.
28k and 24k are major support areas to watch if it breaks down of the triangle.
The long wick is telling us the bears are strong and it pushed the price back in the triangle.
If we break the local support we can see a retest of the major support which is the bottom of the triangle.
28k and 24k are major support areas to watch if it breaks down of the triangle.