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Apollo_CB
Mar 16, 2024 1:25 PM

AKT case study 

Akash NetworkCRYPTO

Description

As you know I love these wedge contractions with a resetting stochastic RSI, these usually lead to an upward move, or a flush before an upward move or consolidation. What next:

-Do we explode upward? stochastic RSI and price action contraction point to this
-Do we breakdown, the local demand is very far away and BTC has corrected a bit finally, this points to downside
-Do we have a quick downside flush because of leverage and then consolidate within the pre-existing range? This has happened many times on charts like this, especially cosmos tokens like sei
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