Defi Token Pump $spell hasn't pumped.

7 Eyl 2023

Defi Token Pump $spell hasn't pumped.

Falling Wedge

The falling wedge can either be a reversal or continuation signal.

As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.

As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.

In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.

Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.

12 Eyl 2023

Not

BREAKOUT done

12 Eyl 2023

Not

25% pump

12 Eyl 2023

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30% pump

12 Eyl 2023

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35% pump