Long
LPT/BTC Possible break out from falling wedge
Hello
Falling wedge ( lines 1 and 2) is nicely forming in the lower zone of the up trend chanel (lines 3 and 4) which increases probability of breaking up.
Also investors from 14th July (red arrow at high volume) will definitely try to defend their positions - grey rectangle (range 0.000526 - 0.000573 BTC) which also increases probability of breaking up
As long as price is above trend line 4 we should see continuation of the up trend marked by lines 3 and 4.
If one day candle closes below trend line 4 we can expect more decline in the price.
Just an idea, thumbs up if you like it and thumbs down if you don't.
Falling wedge ( lines 1 and 2) is nicely forming in the lower zone of the up trend chanel (lines 3 and 4) which increases probability of breaking up.
Also investors from 14th July (red arrow at high volume) will definitely try to defend their positions - grey rectangle (range 0.000526 - 0.000573 BTC) which also increases probability of breaking up
As long as price is above trend line 4 we should see continuation of the up trend marked by lines 3 and 4.
If one day candle closes below trend line 4 we can expect more decline in the price.
Just an idea, thumbs up if you like it and thumbs down if you don't.
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