PPT downtrend looks like it is pending a breakout and has also formed a falling wedge, a very BULLISH pattern in crypto.
buying the breakout or local swing high, selling on the way up.
risk: low
stop loss set at hard support (lowest white horizontal line)
falling wedge (wikipedia)
The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
buying the breakout or local swing high, selling on the way up.
risk: low
stop loss set at hard support (lowest white horizontal line)
falling wedge (wikipedia)
The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.