BTC: Breakout of the falling wedge
BTC is trying to escape of the falling wedge. We have to wait for the close today, but it seems we will see a breakout of the resistance formed by the downtrend line 3 - the upper line of the wedge.
Furthermore, the price is being negotiated today around EMA 50. A close above EMA 50 (with good volume) may be a strong indication that the correction is over.
Furthermore, the price is being negotiated today around EMA 50. A close above EMA 50 (with good volume) may be a strong indication that the correction is over.
Related publications
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.