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dudebruhwhoa
Apr 3, 2023 1:47 PM

Weekly Falling Wedge Breakout & Targets Long

iExec RLC / US DollarBinance

Description

Simple weekly chart here, RLC broke out of a falling wedge earlier in the year, with targets around 4.32 and 5.76.

Note - Last time OBV rose to these levels we saw a spike up to 10-12 dollars. We also see golden crosses on the 50/200 day EMA and MA
Comments
jdo85
however i do like your post, if you use candle sticks you can see the wick hitting 17 dollar
dudebruhwhoa
@jdo85, in the chart above, it's focused on the smaller wedge. The possibility of a larger wedge with higher targets exists. I see it doing something like a double-top with a slightly lower low should it play out. Candle sticks have wicks that go up that high, I don't like using wicks as they're less predictable:

jdo85
that spike up is not right 10-12 its actually $16,25
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