Falling wedge & rising wedge patterns (supply&demand) BTC
Good afternoon traders,
#1: Falling wedge pattern formation:
#2: Rising wedge pattern formation:
Takeaways: The long dotted line that connects both the falling wedge AND rising wedge is am area of interest and the TA proves/validates that statement.
Summary: Previous ATH ($42,222), which was once resistance now becomes support (s/r flip), to either validate or invalidate the trend, to either bounce or reject.
Please get this technical analysis to 30+ likes to unlock more content this week! 👍
#1: Falling wedge pattern formation:
#2: Rising wedge pattern formation:
Takeaways: The long dotted line that connects both the falling wedge AND rising wedge is am area of interest and the TA proves/validates that statement.
Summary: Previous ATH ($42,222), which was once resistance now becomes support (s/r flip), to either validate or invalidate the trend, to either bounce or reject.
Please get this technical analysis to 30+ likes to unlock more content this week! 👍
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