A bullish continuation pattern, a wedge.
-Volume decreasing
-Converging resistance and support lines, both downsloping.
-Follows a recent up move
-Takes prices down to support levels
Next resistance looks like $11.7k, where the most recent advance halted. If this is broken,
14K is where we are likely headed.
-Volume decreasing
-Converging resistance and support lines, both downsloping.
-Follows a recent up move
-Takes prices down to support levels
Next resistance looks like $11.7k, where the most recent advance halted. If this is broken,
14K is where we are likely headed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.