Narrowing pattern/tightening range

2019년 1월 25일

Price is pingponging between 2 tightening trendline, forming a descending wedge. As long as price does not fall below the 0.786 fib retracement(1.496), i'll be looking for long opportunities. There is not yet any rsi divergence so attempting to call a bottom will be risky. Either wait till there's rsi divergence or a break above the wedge to for better entry.