Rising Wedge Breakdown Near Resistance
3-daily chart for BTC.D
Targets:
Prereqs:
Some confluence:
Daily line chart view:
Targets:
- Possible drop to support support initially.
- Then TP 1 around 47
- TP 2 ~43-44%.
Prereqs:
Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it.
Some confluence:
My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising Wedge" auto-pattern indicator.
Daily line chart view:
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