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UnknownUnicorn2064811
Dec 2, 2021 2:34 PM

RSI Weekly Falling Wedge Long

Bitcoin / TetherUSBinance

Description

Weekly chart.

RSI falling wedge with a bullish RSI target of 94.82.
Expecting retest of this wedge before lift off.

To support this, trend is still unchallenged on the weekly chart, as you can see.

Lastly, the EMA 20 and 55 are about to kiss on the daily chart, which happened last time we retested our major trend line.

Price target: 152157 in next 4-8 weeks.
Comments
mcdanuld
nice work .
Sikonitrading
So we are about to see a retest at 54.000 and then straight lift up?
UnknownUnicorn2064811
@Sikonitrading, watch the RSI as a leading confirmation and then wait and see if support holds.
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