Breaking out of the descending triangle.

29 בדצמ׳ 2020

We are breaking out of the descending triangle to the upside on the 1hr chart, likely on our way to a new all-time high - possibly 30k, being the next psychological threshold. Therefore, the bearish divergence mentioned in my previous analysis is not likely to play out - we see the RSI increasing with the breakout as well.

Congrats to those who bought the dip.