1. Ascending Triangle Model
- **Upper Horizontal Line** at around 1,665 represents **Strong Resistance**, the price has touched it multiple times without breaking through.
- **Lower Ascending Line** shows that there is a **Gradual Increase in the Lows**, indicating that buyers are gradually pushing the price upwards.
2. Model Interpretation:
The ascending triangle is often considered a **Bullish Continuation Pattern**, and if the resistance (approximately 1,665) is broken with high trading volume, this could lead to a strong upward movement.
3. Technical Indicators:
- **RSI = 54**: The Relative Strength Index is in the neutral zone, indicating that there is still room for upward movement before reaching the overbought territory.
- **Positive MACD**: A bullish crossover between the MACD line and the Signal Line, which is a positive signal.
- **Volume** is relatively low, which may indicate that the market is still hesitant, and the breakout needs support from higher volume.
4. Nearby Support:
There is strong support around **1,385**, and if the price drops below the ascending line, it may bounce back from there.
Summary:
- If the price breaks the resistance with a strong candle and high volume, you might consider buying with the goal of a new upward movement.
- If the ascending support line is broken, wait for the price at 1,385 and see if a bounce occurs.
