Ascending Triangle or inverse head and shoulders. Either way, TRAC seems like it could be close to a breakout and trend reversal. Keep an eye toward this one it could really move hard in a short amount of time...
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Weekly Stoch. RSI
Daily Stoch. RSI
Hourly. $2.42 could happen sooner than you think...
Daily Stoch. RSI
Hourly. $2.42 could happen sooner than you think...
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Whether we retest the descending trendline of our, potential, falling wedge on this structure or later it is looking more and more inevitable. I will be watching with great interest how we interact with that area of resistance knowing the daily EMA ribbon is confluently located just above the descending trendling. If we can manage to break through we will be looking to restest the target of the, potential, falling wedge (roughy, the prior ATH). The $7.80ish area has been tested by multiple daily candles already...
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* I know they are supposed to be taken the second snapshot for their TAP token (their flagship token for the TAP metaprotocol) airdrop any day now which goes live sometime in the, relatively, soon future. These guys are striving to become the only decentralized indexer on BTC adding Runes support here shortly. Think Chainlink but for BTC. To become a validator for the TRAC Core indexer you must acquire TRAC and and this will be incentivised by earning yield in TAP Tokens.