ZEN/BTC, BULLISH CYPHER, FALLING WEDGE, ATTEMPTING BREAKOUT
It has formed a nice harmonic and is attempting a breakout of it's immediate resistance of the falling wedge. Safest bet would be wait for it to make another attempt to breakout to enter but keep SL behind support once it bounces. I am liking what I am seeing on this and if this current pattern breaks down, I expect it to make a Bullish Bat pattern (falling to the 0.886) before its rally upwards. So overall, the R/R look good to me here as I am expecting it to test 100 WMA.
I AM NOT A FINACIAL ADVISER, DO YOUR OWN RESEARCH!
I AM NOT A FINACIAL ADVISER, DO YOUR OWN RESEARCH!
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.