XTZUSD Rising Wedge on the Daily
I am the new guy do not use this as any advice.
Watch for a breakdown from the lower upward moving trendline. Once a confirmation of the breakdown occurs, SEEMS that it would indicate a good place to enter a short position. But... I believe a breakdown "fake-out" will occur, and then a fast breakout through both the lower and upper trendlines of the rising channel. Then a likely pullback.
Watch for a breakdown from the lower upward moving trendline. Once a confirmation of the breakdown occurs, SEEMS that it would indicate a good place to enter a short position. But... I believe a breakdown "fake-out" will occur, and then a fast breakout through both the lower and upper trendlines of the rising channel. Then a likely pullback.
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