Decreasing volume and oversold RSI resulting in lower high may be the sign of trend reversal towards the bottom of the wedge. There is a possibility of a consolidation without a lot of pullback and breakout, which may be accelerated by the coinbase news catalyst. However, without increasing bull volume on the daily and four hourly timeframe it is not the likely scenario.
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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.