Potential rising wedge on PRQ

٢٤ ديسمبر ٢٠٢٠

Red lines represent resistant turned support.

Blue line represent the top of a pennant to which we broke to the upside giving an indication of a rising wedge.

We are now trending short term bearish on the yellow line and just to the downside of the falling wedge.

I would be looking for 0.00089332211 ETH for support. If that break to the downside the falling wedge is confirmed.

Although breaking to the upside of 0.0010536203 is possible, that level would need to turn from resistant to support.