Price compressing in a descending wedge: descending resistance (red) repeatedly rejecting at ~$96k-$98k zone, while rising support (green) holds lower lows.
Classic wedges are bullish, but heavy overhead resistance + liquidity pool marked below ~$80k-$82k suggests potential bearish resolution.
Bias: Short on rejection/break of green support line.
Target: Liquidity sweep $80k-82k lows.
Classic wedges are bullish, but heavy overhead resistance + liquidity pool marked below ~$80k-$82k suggests potential bearish resolution.
Bias: Short on rejection/break of green support line.
Target: Liquidity sweep $80k-82k lows.
May the Green Spirit be with You ❇️💚
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.
May the Green Spirit be with You ❇️💚
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.