RIOT Falling Wedge - Possible Breakout
Updated
WEEKLY PRICE CHART - PRICE ACTION BEFORE AND AFTER BITCOIN HALVING 2016/2020
As we can see from the chart there is a falling wedge forming from around mid 2018. In the near future in going to breakout and have the most possibilities to breakout on the upside following the post-halving bitcoin price action in the mid and long term that is definitely bullish.
CHART
- The blue marks, signs the main resistance/support levels in the pre-halving price action.
- The orange vertical lines are the dates of the bitcoin halving at 2016 and 2020.
SCENARIOS
1. The falling wedge is most possible generally to breakout to the upside. In the short term is gonna break, it is near the end.
2. The bitcoin halving is one day and of course in the short term there is a lot of sellouts and dumps that is logical but in the short and long term is always bullish.
3.This company is so close related to the bitcoin price and it out of the few company listed on NASDAQ that working with blockchain space.
So i think i the mid and long term is gonna be bullish.
This is just my opinion, its not an financial or trading advice. Each person must do its own research before investing in the market.
As we can see from the chart there is a falling wedge forming from around mid 2018. In the near future in going to breakout and have the most possibilities to breakout on the upside following the post-halving bitcoin price action in the mid and long term that is definitely bullish.
CHART
- The blue marks, signs the main resistance/support levels in the pre-halving price action.
- The orange vertical lines are the dates of the bitcoin halving at 2016 and 2020.
SCENARIOS
1. The falling wedge is most possible generally to breakout to the upside. In the short term is gonna break, it is near the end.
2. The bitcoin halving is one day and of course in the short term there is a lot of sellouts and dumps that is logical but in the short and long term is always bullish.
3.This company is so close related to the bitcoin price and it out of the few company listed on NASDAQ that working with blockchain space.
So i think i the mid and long term is gonna be bullish.
This is just my opinion, its not an financial or trading advice. Each person must do its own research before investing in the market.
Note
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