jimo79

Ascending wedge - watch for resistance to hold or a break lower

POLONIEX:BTCUSDT   Bitcoin / Tether USD
If we break lower we should retest the earlier low for a double bottom? If resistance holds watch for a break above the wedge to confirm bullish uptrend.
Comment: Resistance proving a barrier but slowly failing and volume is low. Doesn't look good
Comment: Resistance held and we are still in the wedge but it looks like it is almost complete. Looks like most likely option is a fall from here but if we finally break 11800 expect the money to flood in.
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