If we have the confirmation of this falling wedge breakout, a push toward the resistance zones at $0.023–$0.025 is likely to occur.
In my opinion, if the bulls will not support this move, we can see a retest of the 0.014$ - 0.016$ areas.
In my opinion, if the bulls will not support this move, we can see a retest of the 0.014$ - 0.016$ areas.
Trade active:
Looks like this bullish pennant has formed here. My opinion is that this happened because of that big resistance at 0.0183$ area.
I was hoping for a more powerful ascension towards leg 3 of the EW, but I'm guessing a little sideways movement won't scare the bulls away :)
I was hoping for a more powerful ascension towards leg 3 of the EW, but I'm guessing a little sideways movement won't scare the bulls away :)
Trade active:
Comment:
Comment:
..... only if it breaks the MA 55 resistance....
Trade closed manually:
Decided to close it at Breakeven just to be safe :)
Can this be considered a triangle continuation pattern ?