2H Chart
Rising wedge in formation, usually a bearish reversal pattern with volume decreasing as prices rise and the wedge evolves.
Major resistance :
- Around 10k2
- Around 12k4
Support zone :
- Around 9k (old neckline from inverse H&S pattern)
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Rising wedge in formation, usually a bearish reversal pattern with volume decreasing as prices rise and the wedge evolves.
Major resistance :
- Around 10k2
- Around 12k4
Support zone :
- Around 9k (old neckline from inverse H&S pattern)
***Do not trade with my TA, It's not a recommendation to buy or sell.***
Note
I didn't see them before but we have two triangles.We can expect a breakout with a possible throwback before reaching the resistance zone.
Trade closed manually
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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.