RSI and price both in potential rising wedge. With a retest of the breakout zone, we could be looking at a short term drop. If that support holds, we could be looking at a continuation to the upside. The bold white arrows are only a representation of what a breakout would look like if it were similar to the breakdown from the rising wedge that peaked at $64k.
Yorum:
Another supporting factor is the funding rate. It's not leaning very short right now, meaning we have room to fall if it holds current levels