Nimiq/BTC - Falling Wedge
Updated
As mentioned in my previous analyses, we have small support at 0.50 stats with a possibility of breaking that support and chase the next Fibonacci level bringing the price around 0.37 sats.
I was able to spot a Falling Wedge pattern that aligns really well with 0.37.
Volume is also decreasing with the price is a bullish sign, are we ready to break up?
I was able to spot a Falling Wedge pattern that aligns really well with 0.37.
Volume is also decreasing with the price is a bullish sign, are we ready to break up?
Comment
We broke out but not much volume, putting a stop-loss on 0.58 satoshi to protect gains target is around 0.95 satoshisTrade closed: target reached
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