Price is currently forming a bullish falling wedge, with liquidity resting at the 4H FVG below.
Based on the Total Market Cap context, I’m expecting a potential AMD scenario:
Possible wick down into the 4H FVG
Followed by a bullish breakout from the falling wedge
Price is consolidating above the Monthly VWAP, which supports the bullish bias.
If we see confirmation after the sweep, continuation towards higher levels becomes likely.
➡️ Check the weekly analysis for higher timeframe context.
Based on the Total Market Cap context, I’m expecting a potential AMD scenario:
Possible wick down into the 4H FVG
Followed by a bullish breakout from the falling wedge
Price is consolidating above the Monthly VWAP, which supports the bullish bias.
If we see confirmation after the sweep, continuation towards higher levels becomes likely.
➡️ Check the weekly analysis for higher timeframe context.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.