We hit the bottom of the rising wedge. Didn't break through. As my previous short chart called the drop. I'm now calling the long. Target will be 7670.
Stop loss can be set below the wedge. At 6830 on Bitmex.
Trade active
Here is the bitmex chart
Note
If we close the daily below the trend line it will confirm further movement down.
Trade closed: stop reached
Closed the daily below the trend line. Confirmed further movement down.
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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.