Algo is slowly breaking out of a bullish wedge. There is resistance on .800 USDT
Comentário:
Currently, it looks like a cup and handle. Price will have to keep 50% Fib level of .770 for this to be valid.
Candlestick analysis: 4H candle that dipped to .77 and bounced, turned green. If the next 4H is above .820, the 6H would be engulfing the previous 6H red candle which might indicate more buying to close the next 12H candle green above .825.
This might give a strong indication on the cup and handle playing out.
Comentário:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Candlestick analysis: 4H candle that dipped to .77 and bounced, turned green. If the next 4H is above .820, the 6H would be engulfing the previous 6H red candle which might indicate more buying to close the next 12H candle green above .825.
This might give a strong indication on the cup and handle playing out.