This trading idea would be hinged on a top breakout of the falling wedge. I anticipate the breakout to occur around the intersection of the longer-term up trendline and the top of the falling wedge. The predicted price action up is related to the falling wedge pattern at the time of breakout. Doing so would put us back to the years high of about $145. We will see...
We have an opportunity to not only touch the lower support trendline but make a double bottom as well.
Buy at 9030 around midnight eastern time today. Price may go a fraction lower but this will ensure that you get in.
Here you can see the major supports and resistance levels indicated by the red lines. It's useful to be aware of this in your trading strategy.
Price will face resistance/support at these lines and if price breaks the line then it will become support/resistance pending if the break was up or down.
I have a lower position on this coin but think that it now has a valid breakout. The inner (straight up) channel is probably a pipe dream but as long as prices stay withing the outer channel the world is harmonious. Trade as you wish within the inside/outside channels, always limit your risk.