Long
BTG is a falling wedge - Reversal expected at $25
Dear all,
A trade setup appears obvious on BTG. This coin created in December "Gold Rush" is in a falling wedge ever since.
Based on TA, we can expect a reversal at the $25 mark.
1st target would be $55 as a 0.618 fib level extension from $25.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
A trade setup appears obvious on BTG. This coin created in December "Gold Rush" is in a falling wedge ever since.
Based on TA, we can expect a reversal at the $25 mark.
1st target would be $55 as a 0.618 fib level extension from $25.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
Heading there :)Trade active
Note
PS: the falling wedge might be larger.BTG can dip to $18
Note
Still active, by heading below the wedge support we can see that it acts now at resistance. BTC will decide if we go lower or re integrate the wedge.
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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.