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thecardiak
May 13, 2022 1:42 AM

signs of a local bottom have formed Long

Algorand / United States DollarCoinbase

Description

broadening wedge with an inverted head and shoulders with a neat descending volume profile showing lack of momentum and trapped traders on those pushes down within the shoulders and head.

The measured move from the height of this head puts us around 51 cents which also happens to intersect the 30 min ema 200 and the top of our broadening wedge which should give resistance again

Comments
mikedargham
Close one great analysis
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