Development of upswing continued. The structure’s high 1.3297 is located very close. In case of break above, an upward reversal of the trend will be performed, that will create premises for more intensive recovery of the pound in direction of the 1.3500 area.
Upper Bollinger band is broken, that is a signal of pair’s growth continuation. At the same time, we have to note, that ADX didn’t reach trending area so far, therefore, there is a probability of prior downward pullback and getting more attractive buy points.
Trend strength indicator ADX is in a very passive state, that corresponds to continuation of bitcoin flat in either the narrow range of lower Bollinger band (5306.45-7090.44) or the full width of the bands (with resistance at the 8827.49 level). But more likely, we can consider only the first scenario.