On the long term we are looking at the black longterm bullish pennant. We slighlty crossed it and created a new darkblue triangle, which we have crossed recently too. Currently we are in the moon-blue triangle and the breakout could happen soon. Furthermore we have a strong orange supportline. Overall we are aiming for a conservative target nearby 9000 sat.
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As exspected, we broke off the blue-moon triangle with a high volume. And again we created another triangle to be broke off soon.
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Apperently the Bitcoin spike destroyed our triangle patterns. Nevertheless we get a new bigger orange bullish Pennant. The Bollinger Band is contracting and the RSI shows a slighty upmovement. Due to the strong supportline we get an high likelyhood for an upward breakout.