Observed rising wedge (yellow colour lines) pattern on BTCUSDT/4 hour chart
Upper side of the wedge is the resistive zone (21785-22170)/rough values
Below side of the wedge is the supportive zone (18150-18770)/rough values
Price either will hit resistive zone and go to down side(To continue rising wedge pattern)
OR
Price will break the resistive zone and go upside. (To break the market structure).
Upper side of the wedge is the resistive zone (21785-22170)/rough values
Below side of the wedge is the supportive zone (18150-18770)/rough values
Price either will hit resistive zone and go to down side(To continue rising wedge pattern)
OR
Price will break the resistive zone and go upside. (To break the market structure).
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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.