Nimiq/BTC - Falling Wedge

Jul 24, 2020

As mentioned in my previous analyses, we have small support at 0.50 stats with a possibility of breaking that support and chase the next Fibonacci level bringing the price around 0.37 sats.
I was able to spot a Falling Wedge pattern that aligns really well with 0.37.
Volume is also decreasing with the price is a bullish sign, are we ready to break up?

Jul 25, 2020

Note

We broke out but not much volume, putting a stop-loss on 0.58 satoshi to protect gains target is around 0.95 satoshis

Jul 27, 2020

Trade closed: target reached