【ETHJPY】Building up to a steadily intensifying development

In the July 21 post, “Towards a New Triangle Consolidation for 【ETHJPY】,” I noted that a new upper resistance line was drawn by connecting the May 6 high and the July 17 high on the daily chart, and that a triangle consolidation is being formed between the upper resistance and the lower support line drawn by connecting the March 30 low, etc.

On July 21, a bullish candle formed and closed in conjunction with the 20SMA. This level can be considered the center of the range, and from here the triangle consolidation will narrow, with the Bollinger Bands also squeezing. I plan to focus on which direction these will break, and whether the breakout will occur in a single candlestick or gradually, and the movement to break in either direction.