Potential Bullish Triangle Formation
Since January, price has been caught in a range between 2.5383/1.21545, forming a .
Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward
which suggest the trend is still going up.
From an perspective, we could also be in a subwave 4 formation so a B/O above the could be expected. Entries can be taken at the test of the TL, but more conservatively you could wait for a B/O of the upper then retest to go long.
Of course price may do the complete opposite and breakout to the bottom.