I Feel like I am posting a lot of wedge formations at the mo but I presume that is because a lot of coins have been following btc. This chart setup looks lovely from my perspective! we have the higher low red trend line as major support and is being respected with some nice sharp rejections. also an enormous falling wedge formation which looks textbook with each...
A future opportunity of BAND/USDT wedge formation. key support and resistance levels marked. Personally I would like to see some soft rejection on the upper trend line before a sharp rejection on the 3.6 support. if we don't receive any pullback after touching the trend line then I would expect there may be a Fakeout. However I will not long until I see BTC hit...
The start of what seems to be breakout from a lovely double bottom from rune. bottoming on the 3.3 support. now hitting the 5.00 resistance area looking as if we could now reject before more upside.
A potential long opportunity for DYDX. A test of the upper trend line and then a rejection of 6.550 would be perfect for entry before breaking out.