Directional movement indicator shows low price fluctuations and a gradual rise according to MACD, Stoch RSI and Ichimoku clouds. Moreover at the long term timeframes the price is going to form bullish Gartley butterfly pattern. If this happens the price will break out from descending triangle and will consolidate for the further long term growth.
Trade active
The price consolidates and went down out of the triangle due to sudden BTC pump. However it will move again into it and will touch the upper edge of the pattern in the medium term
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.