Long

Descending Wedge on AKROBTC

This descending wedge looks pretty good on AKROBTC. Descending wedges are bullish patterns characterized by descending price action that tightens up as time goes on, as well as decreasing volume. We closed an inverted hammer a few days ago as well which is shows some confluence. As always, wait for confirmation in the form of a breakout of that top resistance line; BTC could go and screw this whole thing up so wait and see if it plays out.
AKROBTCChart PatternsTrend Analysis

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