Stoic-Trader

TRU - Wedge and resistance broken

Lång
BINANCE:TRUUSD   TrueFi
If you're into technical analysis, you should master trading wedges, because they are pretty trustworthy patterns.

In TrueFi's case, the descending wedge went on for a few more days, and we finally got a breakout, above the wedge's top trendline and above gray resistance.

I'm short term bullish on TRU, and expect initially a test of blue resistance at 0.0821. Next comes , and then green resistance at 0.90. As long as we stay above gray 0.74 support, I'm bullish.

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