Hi all, Crypto Sludge here.
As we saw yesterday, we have broken the acceding triangle on the 4h chart, and continue the breakout.
The 4H chart gave us a TD9 Sell two candles ago and an Aggressive 13 Sell a candle ago.
Statistics shows that we should expect a 1-4 candle correction, and then continue again to the upside, However if we look at the 1H chart, 9850 was a hard resistance to break and have not proven any support. To further confirm this short term upper trend, i would like us to close above 9850 and then either properly re-test it or continue higher.
If you are in a long position, i would consider locking in some profits, and re-enter the market after we break 9850 again.
Let me know what you think !
Stay Strong.
Trade ON!
Crypto Sludge.
