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POLKAstarter// Falling Wedge
Price has currently broken out of the falling wedge , which is bearish in nature but a bullish pattern , and is now retesting the broken zone.
We can expect a bullish impulse after this retest. However, it will be best to react to a move rather than enter too early.
There is still a possibility of BTC dipping some more to finally retest ~40k. Alts will follow suit as a result. If you do decide to enter early however, a decent stop would be below the lowest low which pierced the support drawn.
Let me hear your thoughts.
We can expect a bullish impulse after this retest. However, it will be best to react to a move rather than enter too early.
There is still a possibility of BTC dipping some more to finally retest ~40k. Alts will follow suit as a result. If you do decide to enter early however, a decent stop would be below the lowest low which pierced the support drawn.
Let me hear your thoughts.
Trade fermée manuellement
Should have mentioned each fib is a TP. Price back at breakeven.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.