BERKSHIRE is at a critical top. Follow the breakout.
Berkshire Hathaway / BRK.A is trading inside a Rising Wedge for nearly 1 year.
Since March 17th it is being supported by an Inside Rising Support, which is now even higher than the 1day MA50.
The price is at the top of the Rising Wedge, so it is likely to see a strong medium term correction.
However sell is confirmed only after the Inside Rising Support breaks, so in that case target Support B and the 1day MA200 at 483500.
If the price crosses above the Rising Wedge, buy instead and target Resistance A (and All Time High) at 544500.
Follow us, like the idea and leave a comment below!!
Since March 17th it is being supported by an Inside Rising Support, which is now even higher than the 1day MA50.
The price is at the top of the Rising Wedge, so it is likely to see a strong medium term correction.
However sell is confirmed only after the Inside Rising Support breaks, so in that case target Support B and the 1day MA200 at 483500.
If the price crosses above the Rising Wedge, buy instead and target Resistance A (and All Time High) at 544500.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon