Rising wedge but potential trendline breakout
Updated
- Rising wedge
- RSI will be soon oversold on 4H
- High probability in breaking descending trendline (bullish sign)
- Potential pullback after breakout
On a fundamental standpoint, no bad news for a while.
Tax days are now part of the past.
- RSI will be soon oversold on 4H
- High probability in breaking descending trendline (bullish sign)
- Potential pullback after breakout
On a fundamental standpoint, no bad news for a while.
Tax days are now part of the past.
Trade active
Descending trendline did not actually have the opportunity to be used as support.The ascending trendline is holding great in case of pullback (hope Mt. Gox thing will not drive market down...)
Trade active
Still going, ascending trendline confirmed as really good support!
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