ai16z has been in a bullish falling wedge for the past roughly 200 days. Right now as bitcoin and other cryptos are having a pull back, ai16z is forming a double bottom formation. The pattern is not complete as of yet please wait for a potential break out above the wedge resistance level to enter trade. However if anyone wish to catch the double bottom trade to maximise return you could enter at 10c but like always high risk high return the double bottom could fall further and void this idea. Happy Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.