+ lower blue is macro support line.
+ upper blue is macro resist line.
+ lower pink is micro support line.
+ upper pink is micro resist line.
Current situation: The pink, open (diverging) wedge creates boundaries for the price fluctuations. Looks like if price is less than 0.94 cents we will enter a bearish market. If price is higher than $1.12 we will enter a bullish market. Both of these scenarios signify break-out points of the wedge and will result in big drops, or big gains respectively.
+ upper blue is macro resist line.
+ lower pink is micro support line.
+ upper pink is micro resist line.
Current situation: The pink, open (diverging) wedge creates boundaries for the price fluctuations. Looks like if price is less than 0.94 cents we will enter a bearish market. If price is higher than $1.12 we will enter a bullish market. Both of these scenarios signify break-out points of the wedge and will result in big drops, or big gains respectively.
Comment:
Since the pattern is an open wedge, it looks like we're going to the moon lol!