π RLC/USDT exhibiting a falling wedge pattern on the price chart which indicates a period of consolidation before a potential upward breakout. π One key aspect of the falling wedge pattern is the presence of a strong support level. The price of RLC has consistently found support near a specific price point, which has prevented further downward movement. π If the downward support is breached, meaning the price drops below this level and fails to recover quickly, it would invalidate the falling wedge setup. π A break below support could signify a change in market sentiment, potentially leading to further downward pressure on RLC. π However, as long as the strong support level holds, the falling wedge pattern remains valid and suggests a potential bullish move.
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