Falling Wedge- Bullish - Update
Updated
CHPT still hovering right above oversold territory on the RSI, however, has been holding a massive falling wedge for quite some time now. By no means is this a short term play, regardless, will be looking for a breakout from this wedge- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on - Bullish long **(See Previous Charts Below)**
- Nearing the oversold range on the RSI (Slight bullish divergence on shorter timeframes)
- Bollinger bands squeezing
- Massive Falling Wedge
- Good long-term entries
PT1- $21.67
PT2- $24.09
PT3- $26.65
1-Hour Timeframe
https://www.tradingview.com/i/H0aolFfK/
Previous Charts-
https://www.tradingview.com/i/mGTNqk44/
https://www.tradingview.com/i/FjJbYEA5
- Nearing the oversold range on the RSI (Slight bullish divergence on shorter timeframes)
- Bollinger bands squeezing
- Massive Falling Wedge
- Good long-term entries
PT1- $21.67
PT2- $24.09
PT3- $26.65
1-Hour Timeframe
https://www.tradingview.com/i/H0aolFfK/
Previous Charts-
https://www.tradingview.com/i/mGTNqk44/
https://www.tradingview.com/i/FjJbYEA5
Note
All Price Targets Reached ✅
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