If the falling wedge pattern confirms, we have a up breakout at the height of the wedge (about $5800).
If it doesn't break out, we could see a lower low this month.
-
note:
RSI tends to show a small breakout, price rally with growing volume could confirm.
short squeeze can still happen
If it doesn't break out, we could see a lower low this month.
-
note:
RSI tends to show a small breakout, price rally with growing volume could confirm.
short squeeze can still happen
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Related publications
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.