Ignore my counting with impulse tools. Ascending Broadening Wedge taken from Encyclopedia of Chart Patterns Second Edition and may not even be applicable here. nevertheless, I'd like to see how it plays out in Crypto-Land.
"The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll find them in a bull market with a downward breakout."
"The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll find them in a bull market with a downward breakout."
Comment:
What a funny tool. Trend Line Fib. If we tag the target area, the 100% upside lines up with some supposed resistance. Interesting.
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Some thoughts on the matter