Hi dear treaders
Along the downtrend, the trend line is broken and an rising wedge pattern is formed. Resistance 3450$ is ahead. Wait for the pattern to be confirmed. If the pattern is approved, the price will go down to 3177$ area and then it will go up if necessary. If the 3450$ resistance breaks, the pattern will not be confirmed and the price will move towards the 3600$ and 3700$ targets The price is moving above MA20 and the Bollinger Bands have been tightened, which is a sign of a change in the price mode.
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Good luck
Along the downtrend, the trend line is broken and an rising wedge pattern is formed. Resistance 3450$ is ahead. Wait for the pattern to be confirmed. If the pattern is approved, the price will go down to 3177$ area and then it will go up if necessary. If the 3450$ resistance breaks, the pattern will not be confirmed and the price will move towards the 3600$ and 3700$ targets The price is moving above MA20 and the Bollinger Bands have been tightened, which is a sign of a change in the price mode.
If you like my idea please click the * ๐ * button and comment your idea.
Good luck