Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse.
Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days.
MACD - The signal and the MACD line seem too stuck to each and considering the...
M&M is looking good for shorting, just needs to break below that trendline inside the channel.
On daily time frame, rising wedge is clearly visible after significant fall.
I see a Rising wedge pattern in BTC/USDT. There is a lot of Resistance between 7200 and 7400.
A Short pump and Dump is expected. Be vigilant and don't give in to Greed.
Breakout with huge volume on weekly timeframe, also cleared 50 weekly EMA.
BUT it's a RISING WEDGE in downtrend, need to be cautious.
Breakout on either side will give the clear setup.
