Hello Crypto Friends!

After watching the charts today, i think my analysis from this morning was wrong!!

Heres what i am looking at now-

What i thought to be a rising wedge, is actually a rising channel. We are currently in a falling wedge at the bottom of the channel. I closed my Short when i saw the divergences on the RSI. Also the money flow has been curving up.

IF, the channel holds, we could see prices go up into the 6k region again. 

If the channel breaks, we could see a massive sell off, as this would be a bear flag! (Which might be the case, but the breakdown could occur later on).

Is this a massive Bear trap!?

Chainlink-

Exactly the same on the Chainlink chart. 

I recommend keeping a close eye on these in the next few hours. As we could see some very nice moves occur, in either direction. Wait for the breakout confirmation. Volume will be a good sign!

Happy Trading!