Rising wedge breakout, repeating movements?
I made a chart previously about these last few swings mentioning how I suspected a rising wedge.
We now have the bare minimum of a rising wedge with the 2 top contact points and confirmed breakout through that and further down through the support level right below.
Using the proper procedure we can determine this will lead to at least another downwards movement but not necessarily lower lows yet. Although that is completely possible, this is crypto after all.
Keep an eye out for that bottom and be careful with your choices.
New trader learning the ropes, feedback and criticism is GREATLY appreciated, thank you!
We now have the bare minimum of a rising wedge with the 2 top contact points and confirmed breakout through that and further down through the support level right below.
Using the proper procedure we can determine this will lead to at least another downwards movement but not necessarily lower lows yet. Although that is completely possible, this is crypto after all.
Keep an eye out for that bottom and be careful with your choices.
New trader learning the ropes, feedback and criticism is GREATLY appreciated, thank you!
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