RSI Divergences are present on several timeframes, and we have similar pattern that happened last time it touched the top of this rising wedge.
There is also big resistance at these levels with the ichimoku cloud, and this night a huge amount of leveraged shorts were loaded across the exchanges.
www.tradingview.com/chart/1dDKfheF/
It's too early to say yet how far this will get, but in my opinion this will get at least to the bottom of the wedge and will reevaluate than.
There is also big resistance at these levels with the ichimoku cloud, and this night a huge amount of leveraged shorts were loaded across the exchanges.
www.tradingview.com/chart/1dDKfheF/
It's too early to say yet how far this will get, but in my opinion this will get at least to the bottom of the wedge and will reevaluate than.
Comment:
So as you see we have fallen out of the wedge after this dump, continuation of the trend is still possible, if you are swing trader now would be the time to take some profits, because it can still be a huge shakeoff. Trade safe and always look at the big picture!