In this idea we see a rising wedge that has a high percentage of breaking to the downside. The wedge pictured is confluent with Btc Dominance and the scallop charts I have published prior showing a fall in to the bottom of the scallop. Confluence between the falling wedge on the DXY index is another strong suggestion that this idea is accurate. My personal...
Hey guys i've been posting a lot of GRT lately , but that's because i have started to really like The Graph entirely. The more research i do , i am seeing that this company and token is deffff on the rise. Plus it has followed trends from the very beginning. Its a very stable company , & very stable Crypto.
i want to say thanks for all the feedback so far , it...
looking on the 4hr time frame. seems as if a rising wedge has formed.
if price breaks below 498 look for further downside.
all ma's seem to be swooping in line one to another.
time will tell. trade safe.
1. Ascending Channel
2. Rejection at 78.6 Fib level, testing second time.
3. 1.33 Psychological level.
4. 4h Rising Wedge Pattern.
5. Formation of Double Top reversal candlestick pattern.
What is your view on this?
Measured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line.
If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.