BTC Looks to Test Falling Wedge Trend Line with Help of Support
- Daily RSI approaching oversold
- Falling wedge pattern lining up with strongly established local support zone
Break above $7300 with volume would indicate a breakout of the pattern could be in progress. Further confirmation would be established if the local resistance at $7500 was broken.
Using this post as a reference — ONE of the many possibilities going forward. Yet, I've planned how I'd react if this bullish scenario played out.
- Falling wedge pattern lining up with strongly established local support zone
Break above $7300 with volume would indicate a breakout of the pattern could be in progress. Further confirmation would be established if the local resistance at $7500 was broken.
Using this post as a reference — ONE of the many possibilities going forward. Yet, I've planned how I'd react if this bullish scenario played out.
Comment:
Not too shabby so far, seems to have broken the wedge. High volume break upwards might make some noise in these markets...