TRXBTC - Falling wedge and Bullish Bat Pattern
Updated
Found this potential Long setup - Falling wedge developing now and slightly lower is my Daily Bullish Bat Pattern coupled with my Demand Zone .
Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence.
If price goes lower, look to buy after bat completion at PRZ and near 61.8 retracement. I see potential profit on the upside.
Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence.
If price goes lower, look to buy after bat completion at PRZ and near 61.8 retracement. I see potential profit on the upside.
Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Trade active
completed Bat and rejected at 61.8. Taking the long up. TP1 589-597
TP2 before 638
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.