LIT is currently forming an ascending broadening wedge on 4h timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line of the wedge acts like a resistance and the lower line acts as a support. Looking at the chart we can see the RSI is suggesting an overbought condition. So it´s likely for the price to go down. Also we...
Pair : MINA/USDT Mina just broke out from the recent downward trend on the 1D chart. A falling wedge pattern already formed and a breakout is on the process. The current candle stick formation looks very bullish but needs to close in such a good shape to confirm the bullish break out and a reverse move. Indicators are also looking good so far the MA and MA both...
NYSE:WGO made new ATH back in June of this year and has been since then pulling back forming a well defined rectangle flag #pullback chart pattern. A daily close above the flag resistance line could signal the end of the pullback and a run back to test ATH set back in June.
See bearish divergence occurring in both MACD and Ascending Wedge, if we get below the marked red lines, we should expect a move to the .94600 area.
Charting technicals are fun, they provide a possible future, always 3, you know what they are ;) What is great about charts, for me, is they provide immediate gratification, they know it all, long before the masses. Learning tools, methods and ideas from Trading View community is awesome, also learning from other places. What is great is knowledge, not being...