It seems we have a strong support at .00098011 Satoshi Indicated in green. We can see a Falling Wedge, which is a strong trend reversal signal. MACD confirms the upward movement. Stoch RSI confirms overselling happening at the support each time at the 0.00098011 level. Moving averages are still showing bearish for the most part but we can expect a breakout in the next 1-10 days. We can also see falling trend line connecting the highs is steeper than the trend line connecting the lows. Upon breaking above the top of the wedge, we can expect the pair to make a nice move upwards that’s approximately equal to the height of the formation. Based on the above signals, we should expect a bullish breakout incoming. If the current trend breaks the support we will have to test a new support if the wedge is still being followed. We should also hope for increased volume closer to the top side of the wedge.
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