Rising Wedge on the daily. Another failed attempt at $9000 a few hours ago (didn't even touch $9000 that time). RSI the highest its been since December on 12-hour, daily, etc. Bearish MACD.
Expect a correction to $8500. If the market is still too fragile to handle that then we might see a full resumption of the bearish trend and retest the $6400 range.
The last couple of rising wedges broke upward. I think the market manipulators are doing it on purpose.
like you shit on the street ironically?
This wedge covers the entirety of the rally we're in. The results of any mini wedges contained within it are irrelevant.
Lol, you moved the upper line AGAIN. Also RSI bearish div is gone.
You use way too much indicator shit on your charts, op. It's a mess.
I agree a pull back to low 8000's is in the cards but 6400 is a stretch. Too much buy pressure to allow it, I think.
>ta works in crypto
I was too lazy to turn it off and delete some of my older trendlines. Just note the pink and green.
I also think $6400 is unlikely, but I'm putting it out there as a potential target if the rally does end up collapsing under the pressure of another $500+ sell-off. I'm not sure there's enough confidence in the market to weather that yet.
Also note that I don't think we'll hit $6400 over night if we do end up breaking down. It'd be a process, just like it was a process getting us from there to where we are now.
If this acts like a fractal then the pattern is rising wedges breaking up.