To establish a pattern you require a minimum of 3 data points. Unfortunately, this TA does not meet that criteria so is nothing more than optimistic speculation.
However, having a look at the graph I will let you make up your own mind. A similar pattern has occurred as the price has met the overall resistance (bottom of pitchfork) at which point there is a slight drop in the MACD and a rather high RSI. As the price breaks above the ichimoku cloud it begins to rocket, that it has the potential of doing very soon.
As always, any questions or recommendations please post in the comments, and if you like what you see throw over a thumbs up!
However, having a look at the graph I will let you make up your own mind. A similar pattern has occurred as the price has met the overall resistance (bottom of pitchfork) at which point there is a slight drop in the MACD and a rather high RSI. As the price breaks above the ichimoku cloud it begins to rocket, that it has the potential of doing very soon.
As always, any questions or recommendations please post in the comments, and if you like what you see throw over a thumbs up!
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