The ascending triangle is seen 3 weeks after the price drop from $9100.
Trading Setup Bull Scenario: Open limited position if the pair breakout the triangle. Add more position when price breakout each 2 resistances at $ 7650 and $ 8500. Currently trade above the EMA(20) and EMA(50) 4-hr candles, even with golden cross. The pair tend to consolidate between $5600-$7000.
Bear Scenario: The bears suppress the power of the bulls at $7000 down to $6600 in the last two candles. Close any position if the pair breakdown the triangle. If it is broken, huge negative. Most likely will break the Support 1 at $ 5670, but the bull will likely defend aggressively the Support-2 level at $4500. The volume transaction and the RSI trendline are declining, which indicates decreasing bull's power.
@transparent-fx, based on mine and yours, most likely it will breakdown the ascending triangle and support-1. If it does, crazy buy near the support-2.