BTCUSDT - Basics - Falling Wedges
BTCUSDT - Falling Wedges
A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
Interesting the 1st wedge target price was hit recently. We're currently in a breakout of another falling wedge .
Zoom out, one can take it that were in one massive falling wedge .
A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
Interesting the 1st wedge target price was hit recently. We're currently in a breakout of another falling wedge .
Zoom out, one can take it that were in one massive falling wedge .