OM 1H chart possibly finishing BULLISH falling wedge pattern.
It has found a solid ground inside of Fib golden level, already did a retest, has a contact with EMA 200, Buy Order block is present so demand is strong at this level. Overall we have 5 concenssus that supports the Idea of price stabilization and consolidation.
In my opinion Ideally the price will consolidate at least for one more day until it crosses the upper wedge line and should meet EMA 50 and then make a move.
Stay alert for pump soon, it can happen any time.
It has found a solid ground inside of Fib golden level, already did a retest, has a contact with EMA 200, Buy Order block is present so demand is strong at this level. Overall we have 5 concenssus that supports the Idea of price stabilization and consolidation.
In my opinion Ideally the price will consolidate at least for one more day until it crosses the upper wedge line and should meet EMA 50 and then make a move.
Stay alert for pump soon, it can happen any time.
Note
If bottom line holds and no surprises happens, pump of at least 10-16% is very much possible close to the tip. it would be two bullish patterns completion
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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.