falling wedge + bullish DIV on the apex
My TA is pretty simple. I interpreted this falling wedge in this way, I see more the 5th of March dip outside the wedge like a momentary off road, another possible wedge could be considering it within the wedge but I tend more to think mine it's more correct. Off course you choose your interpretation.
As you can see there's a bullish DIV on RSI and MFI from the last 3 days, especially the MFI one is very steep. This coin never had volume problem so at soon as it breaks out we should reach the target.
The control line (1.08) is the first resistance, right outside the wedge's upper line there's the second one (1.14). After those it should go easily.
Dashed line is a good support but it's -14% from here so I'd suggest you to set a -10% from now (1.03)
As you can see there's a bullish DIV on RSI and MFI from the last 3 days, especially the MFI one is very steep. This coin never had volume problem so at soon as it breaks out we should reach the target.
The control line (1.08) is the first resistance, right outside the wedge's upper line there's the second one (1.14). After those it should go easily.
Dashed line is a good support but it's -14% from here so I'd suggest you to set a -10% from now (1.03)
Commentaire:
I forgot to update this but as you can see we went over my target, retraced and we're kinda back to it. If you didn't sell back then hold this one and it'll likely go higher