Updated
Massive Falling Wedge breakout forming for TRIAS
As clearly seen on the chart there seems to be a falling wedge breakout happening on the daily timeframe for TRIAS.
The ABC pattern has also played out and looks to be more movement to the upside soon as long as BTC does not drop further.
But there is still huge selling pressure to push BTC down at the time of publishing.
Wait for confirmation before making any long trades.
The ABC pattern has also played out and looks to be more movement to the upside soon as long as BTC does not drop further.
But there is still huge selling pressure to push BTC down at the time of publishing.
Wait for confirmation before making any long trades.
Note
Note: I just realised the trendline was drawn on a logarithmic scale.I am still new but is it okay to draw trendlines on log scale?
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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.