Fake breakout? Possible wedge.
Seemed to have a few good days, very bullish. It looked like we broke out of the wedge but people quickly used the opportunity to take profits. We fell back in and now are possibly down again to the 8.5k area. I've been watching for divergence with the MFI but I did not see a clear previous higher high on the chart. Price is likely to not follow the wedge perfectly as we've seen.
Note
so far it appears this has been holding up well. Fall to 10k
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.