Will price follows the orange ABC and goes
to around $150 - $160 before it turns around and
fall out of the rising wedge or will it follow the
blue ABC and fall out of the wedge sooner.
The reason why i think it will go to at least $150
is because of the two RSI support lines that
coincide and it may again serves as support for a rise in
price before it drops.
Currently there is also a decline in volume that can
assist the price getting pushed to (e)
to around $150 - $160 before it turns around and
fall out of the rising wedge or will it follow the
blue ABC and fall out of the wedge sooner.
The reason why i think it will go to at least $150
is because of the two RSI support lines that
coincide and it may again serves as support for a rise in
price before it drops.
Currently there is also a decline in volume that can
assist the price getting pushed to (e)