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Potential rising wedge on PRQ
Short
Potential rising wedge on PRQ
By BTCyeti
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Dec 24, 2020
2
Dec 24, 2020
Red lines represent resistant turned support.
Blue line represent the top of a pennant to which we broke to the upside giving an indication of a rising wedge.
We are now trending short term bearish on the yellow line and just to the downside of the falling wedge.
I would be looking for 0.00089332211 ETH for support. If that break to the downside the falling wedge is confirmed.
Although breaking to the upside of 0.0010536203 is possible, that level would need to turn from resistant to support.
Bearish Patterns
Chart Patterns
Rising Wedge
Trend Analysis
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BTCyeti
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