Rising Wedge Breakdown Near Resistance

25 Haz

3-daily chart for BTC.D

Targets:

• Possible drop to support support initially.
  
• Then TP 1 around 47
  
• TP 2 ~43-44%.
  

Prereqs:

Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it.

Some confluence:

My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising Wedge" auto-pattern indicator.

Daily line chart view: