We see a tightening of the as the price coils within its , signalling a possible breakout. Price has shown stability from the shorter to the longer MAs (50/100/200) in the subsequent days leading up to this squeeze, indicative of a likely break to the upside. Also note, the 50MA (in green) has crossed the 200MA (in red).
Based on levels
RR Ratio about 3:1, quite favourable
Short term target breakout levels
Look at longer time lines to plot this possible bullrun.
price continues to coil within wedge, bollinger bands tightening up, moving averages are converging, are we preparing for lift off, or a breakdown to lower lows?