If you're into technical analysis, you should master trading wedges, because they are pretty trustworthy patterns.
In TrueFi's case, the descending wedge went on for a few more days, and we finally got a breakout, above the wedge's top trendline and above gray resistance.
I'm short term bullish on TRU, and expect initially a test of blue resistance at 0.0821. Next comes , and then green resistance at 0.90. As long as we stay above gray 0.74 support, I'm bullish.
In TrueFi's case, the descending wedge went on for a few more days, and we finally got a breakout, above the wedge's top trendline and above gray resistance.
I'm short term bullish on TRU, and expect initially a test of blue resistance at 0.0821. Next comes , and then green resistance at 0.90. As long as we stay above gray 0.74 support, I'm bullish.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.