TRXBTC - Falling wedge and Bullish Bat Pattern
Found this potential Long setup - Falling wedge developing now and slightly lower is my Daily Bullish Bat Pattern coupled with my Demand Zone .
Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence.
If price goes lower, look to buy after bat completion at PRZ and near 61.8 retracement. I see potential profit on the upside.
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Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence.
If price goes lower, look to buy after bat completion at PRZ and near 61.8 retracement. I see potential profit on the upside.
Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Trade active:
completed Bat and rejected at 61.8. Taking the long up.
TP1 589-597
TP2 before 638
TP1 589-597
TP2 before 638