Get started
jimo79

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

Bitcoin / Tether USD (POLONIEX:BTCUSDT)  
jimo79 Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Trend Analysis Bitcoin (Cryptocurrency) BTC BTCUSDT
0
0
trendanalysis bitcoin btc btcusdt
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.