I was working on attempting to show a possible upward breakout due to the current wedge but it proceeded to break below, which in theory means it would have dropped further.
It has since risen back into the wedge based on Papa Elon's tweet supporting whale selling citing too much concentration as a concern.
The smaller arrow is pointing to the green candle where Elon tweeted and volume kicked in.
It has since risen back into the wedge based on Papa Elon's tweet supporting whale selling citing too much concentration as a concern.
The smaller arrow is pointing to the green candle where Elon tweeted and volume kicked in.
Comment:
Now downward without support. It seems to follow BTC for short periods then set back inside the channel. Alt coins had a great week and now they're pulling back.
Comment:
I may have drawn the baseline for the last wedge too low as it broke below on the previous dip and already made a new low on the "12" timeline. Research needed. Short for now but I hear Daddy Elon is going to take us to Mars.