The way I see it, there are 3 possible scenarios as we look to complete this rising wedge.
Rising wedges are usually bearish, but I'm 60% confident we'll see the bullish scenario play out.
I expect us to hit the small yellow box, which should mean we avoid the earliest "Death" scenario.
From there, it will depend if we can break and hold the previous high.
If we do, target at $17,500.
I'm hoping the chart is fairly self-explanatory, I know it's a little messy.
This is not intended as financial advice.
Let me know what you think!
Rising wedges are usually bearish, but I'm 60% confident we'll see the bullish scenario play out.
I expect us to hit the small yellow box, which should mean we avoid the earliest "Death" scenario.
From there, it will depend if we can break and hold the previous high.
If we do, target at $17,500.
I'm hoping the chart is fairly self-explanatory, I know it's a little messy.
This is not intended as financial advice.
Let me know what you think!
Targeting 9.3-8k