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Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
FORTH / TetherUS
Long
Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
By UnknownUnicorn2537518
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Jul 29, 2022
4
8
45
45
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous resistance (wave 4), or 0.618 FIB.
I think this downtrend is over and we should see some bullish price action in the immediate short term!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Ascending Triangle
Bearish Rectangle
Bullish Rectangle
Descending Channel
Elliott Wave
Falling Wedge
Fibonacci Retracement
FORTHBTC
forthusd
FORTHUSDT
Support and Resistance
Volume
UnknownUnicorn2537518
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