Identified this idea with the Activision Blizzard chart when Bitcoin was in the 30k range. Did not have a name for it. Now I do.
You learn something new every day.
centralcharts.com/en/gm/1-learn/7-technical-analysis/27-chart-patterns/517-rounding-top
You learn something new every day.
centralcharts.com/en/gm/1-learn/7-technical-analysis/27-chart-patterns/517-rounding-top
Note
MACD is turning BULLISH on the weekly chart. RSI trending up. World Adoption has begun, it could and probably will move quicker than projected here...
Just my opinion of course.
Note
Were tapping the trend line, and also the .236. Rsi is in a falling wedge on the 4 hour and I expect this to break up from here.
Note
And there is the breakout on the 4 HR RSI plus a 4 HR bullish Engulfing Candle.
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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.