A bullish continuation pattern, a wedge.
-Volume decreasing
-Converging resistance and support lines, both downsloping.
-Follows a recent up move
-Takes prices down to support levels
Next resistance looks like $11.7k, where the most recent advance halted. If this is broken, $14k is where we are likely headed.
-Volume decreasing
-Converging resistance and support lines, both downsloping.
-Follows a recent up move
-Takes prices down to support levels
Next resistance looks like $11.7k, where the most recent advance halted. If this is broken, $14k is where we are likely headed.