BTC ASCENDING WEDGE, DESCENDING VOLUME

on the 4 hour chart, I am seeing an ascending wedge which appears to be accompanied by decreasing volume.

Also, the candlesticks have not surpassed the 50% Fibonacci zone, which leads me to believe that this is not a false pattern.

If the pattern is correct, then another dip can be expected, breaking the ascending wedge pattern. My guess is that BTC would find support around $29,000. I would love to hear your opinions. BTCUSD

Kommentera:

Upon further review, I also see that this may be considered an ascending triangle pattern depending on how the upper line is drawn.

Volume still has not been increasing from what I see, so it looks unlikely that there will be a strong breakout in the upward direction.