Bias: Short
1, Ascending Channel
2, Ascending Wedge
3, RSI Divergence
4, Price currently in Daily Resistance
Overall, I am see a huge channel that made its way to a well respected daily resistance. Now that the price is hovering around in the daily resistance region, I am noticing a strong RSI Divergence and a textbook Ascending Wedge.
The aim now is now to wait for the wedge to break, makes its way to the lower bound of the channel, break that and makes it way to the next support zone.
1, Ascending Channel
2, Ascending Wedge
3, RSI Divergence
4, Price currently in Daily Resistance
Overall, I am see a huge channel that made its way to a well respected daily resistance. Now that the price is hovering around in the daily resistance region, I am noticing a strong RSI Divergence and a textbook Ascending Wedge.
The aim now is now to wait for the wedge to break, makes its way to the lower bound of the channel, break that and makes it way to the next support zone.
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