Since BCH hit the resistance of the December 21st high, the price has been consolidating. Clearly, the price is forming a neutral wedge at the moment.
Highs and lows are gravitating towards each other, indicating that both buyers and sellers are preparing themselves for a break-out.
If you're wondering how to trade this setup, just wait. Wait till the price has broken through either the upper or lower trend line with sufficient support. If you're cautious, wait for the price to close beyond the yellow confirmation lines. Do your own DD.
Highs and lows are gravitating towards each other, indicating that both buyers and sellers are preparing themselves for a break-out.
If you're wondering how to trade this setup, just wait. Wait till the price has broken through either the upper or lower trend line with sufficient support. If you're cautious, wait for the price to close beyond the yellow confirmation lines. Do your own DD.
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