BitcoinUpdated Breaking the top of falling wedge is in trouble!!
Hello dear all!
As you see on the chart we just met the pivot point together with the top of the falling wedge and a previous downtrend line. Needless to say that reversal PA pattern is forming...
As you see on the chart we just met the pivot point together with the top of the falling wedge and a previous downtrend line. Needless to say that reversal PA pattern is forming...
Note
The previous 4H candle respected the resistance area and the current 4H candle is still bearish.Consider that we are in a short-term overbought situation
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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.