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John_rsm
30 sep 2021 13:32

BTCUSD Rising Wedge 1H 

Beskrivning

BTC is forming a potential rising wedge (Yellow lines) and if it plays out then the target would be $41500 approx.
Currently its facing resistance (Purple line of deseeding triangle).

Kommentera

Price could not break through Purple line and it come down to test the support at the yellow rising line.

Kommentera

Currently 20 EMA giving support

Kommentera

Bears showing strength

Kommentera

Price went through resistance (Purple line of triangle)

Trade stängt manuellt

Price getting support at 20 EMA therefore rising wedge channel get invalides.
Mer