A falling wedge pattern is currently forming, starting from October 8th. This pattern is characterized by a downward-sloping resistance line (lower highs) and a support line (higher lows) converging over time. The price is tightening within this range, indicating potential bullish pressure building up for an eventual breakout to the upside.
Target Zone: $3.9
Wedge Height:
High near $4.6
Low near $1.5
Approximate height: $3.1
Target Zone: $3.9
Wedge Height:
High near $4.6
Low near $1.5
Approximate height: $3.1
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