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I expect a fall to $27,800 before rising again.
As indicated on this chart, we have a falling wedge pattern that price is stylishly following.
From my previous idea here,
I said a breakout from the 2nd triangle determines the next move. And I also made mention that if price breaks the 2nd triangle downward, it would fall to the 2nd triangle at $27,700 which is exactly what is manifesting on the chart.
Back to today's idea.
We can all see price approaching the lower trendine at $27,800 to make it the 3rd support. Thereafter, a reversal should follow and price will start soaring higher.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
I expect a fall to $27,800 before rising again.
As indicated on this chart, we have a falling wedge pattern that price is stylishly following.
From my previous idea here,
I said a breakout from the 2nd triangle determines the next move. And I also made mention that if price breaks the 2nd triangle downward, it would fall to the 2nd triangle at $27,700 which is exactly what is manifesting on the chart.
Back to today's idea.
We can all see price approaching the lower trendine at $27,800 to make it the 3rd support. Thereafter, a reversal should follow and price will start soaring higher.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
Order cancelled:
Price broke out of the triangle early which makes the former target at $27,800 invalid.
New target set at $35,000 & $40,000.
Price broke out of the triangle early which makes the former target at $27,800 invalid.
New target set at $35,000 & $40,000.
