BITCOIN: Following the RISING WEDGE Projection
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🟢Forex Pair:
BITCOIN/USD
⚪Technical Analysis:
Since the 10th of February, the price has been following an interesting rising wedge, bouncing many times on its dynamic lines.
During the 17th of February 2021, a strong bullish bar moved the price up above the rising wedge and it is currently following a clear uptrend.
🔴Conclusion:
According with the pattern's projection, I'm confident to see the price moving up until the level 55k.
This strong bullish impulse could probably get an upcoming retracement as a re-test of the dynamic resistance.
I'll be waiting for the price to re-test that level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
BITCOIN/USD
⚪Technical Analysis:
Since the 10th of February, the price has been following an interesting rising wedge, bouncing many times on its dynamic lines.
During the 17th of February 2021, a strong bullish bar moved the price up above the rising wedge and it is currently following a clear uptrend.
🔴Conclusion:
According with the pattern's projection, I'm confident to see the price moving up until the level 55k.
This strong bullish impulse could probably get an upcoming retracement as a re-test of the dynamic resistance.
I'll be waiting for the price to re-test that level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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