Possible Ascending Wedge on the 15-Minute
There seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here.
Average Entry Price: $9435
Stop Loss: $9603
Final Target Price: $8884
Risk/Reward Ratio: 3.07
I will also be watching the $9200 level, as there is decent support there. Will update accordingly.
Average Entry Price: $9435
Stop Loss: $9603
Final Target Price: $8884
Risk/Reward Ratio: 3.07
I will also be watching the $9200 level, as there is decent support there. Will update accordingly.
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