Another alt to watch. Massive descending wedge broken, and sitting on support of Bollinger MA. Too new for any other analysis atm.
Seen a few people looking at the bearish descending triangle, but this has already been invalidated with the break of topside.
I usually ignore massive movements at the beginning of chart patterns, if there is a stronger trend line present, as they are formed off fear and still looking for the true range.
Seen a few people looking at the bearish descending triangle, but this has already been invalidated with the break of topside.
I usually ignore massive movements at the beginning of chart patterns, if there is a stronger trend line present, as they are formed off fear and still looking for the true range.
