SUGGESTIONS ONLY - NOT FINANCIAL ADVICE:
You need the RSI to determine what the market demand is and the MACD to see what the trend is.
This converging upper and lower resistance & support means it could break up OR down, the oscillators should confirm which, but it would make sense to place an order (if going long) above the breakout zone rather than buying in now & hoping it doesn't drop.
You can see volumes in your chart are lower, which would indicate a drop rather than a rise. 🤔
the technical analysis that I made only use the moving averages of 20, 40 and 200 to specify entry points. In any case, it seems to me that your analysis could have a high probability of occurring too.
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It dropped - go back and look at the chart with the MACD & RSI. Even with the chart you posted the volumes indicated it would drop rather than rose which is why I made that point.
I am sharing this information to assist you, not to be critical & tear you down. Keep learning. 👍
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