Quote from: dragonvslinux on April 05, 2020, 08:18:19 AM

[...] We appear to be in an ascending triangle from the recent swing lows, also arguably a bear channel (I'm considering both possibilities here), but a channel that has an upper target of the 200 Day MA around $8,150. This RSI is completely flat and neutral at 50, the CMF has bullish divergence and remains positive. Lack of confluence, but overall the Daily is leaning bullish I believe, based on indicators and the ascending triangle formation (higher lows with horizontal resistance), until proven otherwise.

Furthermore, we are currently above the 0.618 fib retracement ($6,390) from the black swan event which is a bullish sign (most dead cat bounces top out at this level), even if the 0.786 ($7,079) acts as strong resistance (that price could fail to break through for sometime).

Looking good Cool

Here's a target for that ascending triangle: