BINANCE:DOTUSDTPERP
DOT is breaking the long-term LTB after suffering a price reaction in the POC of a session between August and December 2020, see that this zone remained reactive for prices.
But now it's easy to think like that since it already happened, however, here I'm going to leave a study done on May 11, 2022 where the 4.39 range was already plotted...
In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.