Update Chart from the Origin post. For further informations have a look at the related link Ideas below 👇
Trading setup:
Entry: $0.1734
SL: $0.1553
TP: $0.2648
Disclaimer: DYOR. No financial advice. Just for your impression.
I decided to take a swing long position for a longer term for this reasons:
► Momentum going up
► bounce from the 0.716 fib level
► falling broadening wedge → bullish pattern
► High risk reward ratio
► Low risk with tight SL, very big opportunity, high tvl
► Potential breakout of this Pattern
► Forming a possible nice W pattern too
If we are falling a little...
Support/resistance lines
1. $41.95
2. $33.96
Trend lines
1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge.
2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge.
Falling Broadening Wedge
We can see the Falling Broadening Wedge...
