Is the retrace over?
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In the same schematic, DATA is a coin that has been pumping earlier this year and yet still recovering. The mid term trend is bearish, however the price is forming a Falling Wedge. This pattern is famous to be a bullish reversal pattern.
Our goal as swing trader will be to trade the waves inside the falling wedge. We will also monitor the breakout of the resistance trendline to buy a position on the long term.
Our goal as swing trader will be to trade the waves inside the falling wedge. We will also monitor the breakout of the resistance trendline to buy a position on the long term.
Note
First swing achieved+37% profits
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