But it is a good example of a falling where the price action gets cornered into the end of the wedge
before breaking out to the upside
I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
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Arweave is Flying!
Trade stängt: målet nått
Target Hit will it retrace ? will it pause?
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Measured move, of the falling wedge. Was in the $9.50-60 area. Hit $9.30
I calculated the measured move , by taking the low from 30th of Dec 2022 - to the high on 17th of Feb 2023
and adding that distance to the breakout point _ log chart.
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we could be forming a massive inv head and shoulder. Right shouldering from the recent local high backing and filling going on
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