A broaening Ascending wedge can be plotted if price action following is assumed to be extremely bullish and we are currently at the bottom of this wedge.
Again an abstract idea but not impossible.
I have used price action from Ethereum's early run on the bars pattern to display a run like this.
AI coin again.
OriginTrail has been turning heads since October 2023, putting on a performance that even the most seasoned traders can't ignore. TRACUSDT has been of of the starts of the show, boasting a jaw-dropping 300% growth! But, traders, the plot thickens as we enter the realm of a strong correction—a market drama that's still unfolding as we speak.
Now, let's talk plot...
next strong resistance is around 0.54.
If you are not long then wait for a pull back till 0.34 or for closing above 0.54.
If you are already long then you sl should be around closing below 0.32
Trac looks like it's in an excellent spot to run up. It's moving a bit today on the upside. This may continue to run for some time. Keep a close watch on this one—strong buying going on Trac over the past few days. We can see this breaking higher high. If it breaks below the white line, we will see more sell-off.
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