Bearish pattern on the weekly. NFA
Typically on Rising Wedge patterns you'll see a reversal if it doesn't break through the resistance. Here you can see it's testing the resistance of around $160, if it can't break though I can see it falling and retesting the support around $150 area. Good luck
These are my own ideas and not used for financial advice
As you saw on my previous ideas a falling wedge was forming and there were instances where it would breakout but then fall back in creating a bigger wedge. A few hours ago we had a nice 10% pump which then broke out of the falling wedge. After it hit 0.35 it bounced back into the wedge, this technically is...
These are my own ideas not used for financial advice.
In my previous idea I considered it to be a falling wedge which then eventually broke out and created a bigger falling wedge. As you can see the 4H chart it bounced off perfectly off of the support line in the falling wedge. If it plays out we may see an upwards trend coming in the next few hours or days....
These are my own ideas and not used for financial advice.
Let me know what you guys think? I’m still new at TA so give me a few pointers if you see something I don’t :)
