lauralea

Symmetrical Triangle

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COINBASE:BTCUSD   Bitcoin
Bearish Harami today and price is over the top band set on an eighty DMA. Possible pull back.

Top line of triangle can serve as support since price is over it so possible stop below trendline. Prior to a break of the triangle, this trendline was resistance.

Not quite overbought with RSI on 80.

Negative volume is high so appears that big money is interested.

Golden cross inside of triangle marked with a green X. The 20 Moving Average crossed up through the 50 DMA as well.

I feel this may pull back some but I am long for the longer term.

No recommendation



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