Rising Wedge + Bear Divergence (Vol/RSI) into R5 yearly pivot
Should breakdown when 3/4 full
Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34
Stop = new AllTimeHigh
Expect RSI to reset <30 if 200EMA is hit
Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.
Should breakdown when 3/4 full
Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34
Stop = new AllTimeHigh
Expect RSI to reset <30 if 200EMA is hit
Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.