Generally a breakout in the price momentum ( whatever the indicator being used ) signals early buy/sell stages of both breakout side . Moment of truth for that famous ascending triangle published so many times among crypto space participants .
If btc indeed breaks out for further correction, it is all about droping for rebouncing even higher than before its...
Hi mates,
the pattern you see on this 1 hourly chart is a rising broadening wedge which rather shows bearish momentum with a downward breakout 52 % of the time, plus a partial rise within that occurs in an usual behavior.
Target shown on a 1 hour support ( green line ) which confluates perfectly with the target measures rules of this pattern ( green arrow ) .
Add...
