Over last couple weeks we have noticed a falling wedge pattern on most coins. Overall bullish market may resume, as our current downtrend breaks current trendlines upwards. On Daily Chart, we see it has closed above, and as we see RSI move towards overbought, we may see a slight dip downwards to test resistance levels again. If we stay above previous resistance turned support, we can call this a reversal with strong upward movement.
On longer charts we may see momentum shifts like this one, and as a strategy can buy and sell long positions. IF this pattern continues, This would indicate a good entry point in the overall bullish market.
On longer charts we may see momentum shifts like this one, and as a strategy can buy and sell long positions. IF this pattern continues, This would indicate a good entry point in the overall bullish market.
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