Descending wedge, fasten seatbelts and put helm on
Dear crypto fanatics, crypto addicted, collegues, daytraders and lovers!
we are approaching to the end of this wedge, it is a clear bear flag and we are expecting a further downfall as part of an ABC correction started by 9700$.
In the past week we experienced the return of the sleeping bulls, but now we need to take some breath to accumulate before trying to test the resistance level again.
On the short term we are expecting a down fall but on the medium we should come back for a retest.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
we are approaching to the end of this wedge, it is a clear bear flag and we are expecting a further downfall as part of an ABC correction started by 9700$.
In the past week we experienced the return of the sleeping bulls, but now we need to take some breath to accumulate before trying to test the resistance level again.
On the short term we are expecting a down fall but on the medium we should come back for a retest.
So very probable a downtrend in the next hours.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
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.