According with TA this rising wedge should break downwards, especially if there's a bearish DIV but first ETH (with bearis DIV), then BTC (no DIV) broke upwards so at this point I'm just supposing this gonna follow the previous pattern and go up around 24$.
It's a possibility but also keep in mind that, statistically, it should go more likely down. If you choose to long set a stop loss, let's say 14.831USDT (almost -9%)
Good luck
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I've lowered the lower wedge line according with the candles of 4h chart because I think they formed good pivot for this line. More or less the pattern remains the same though
Good analysis... There was clear bearish divergence which lead to this drop. However, I am interested in knowing about the reversals... Any idea? Where are the supports in this?
Shotokhan
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@fhkstoic, first support is 14.105 and second is 12.082
fhkstoic
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@Shotokhan, There was good support at 14.
I think, it is going to second support!!