Looks like a legit bullish wedge here in the making, giving a good opportunity for a swing trade. On the right we can see the low might have been set already, but ideally we make one more drop. I think if the red resistance breaks, could be confirmation of the low being set already.
Previous analysis:
Previous analysis:
Note
Looking good so far, first batch is in, waiting for some confirmation first for the other half. Note
Dropped a bit below the wedge but already inside of it. Based on the pattern to stay reliable, it should stay below the green zone. There is nog conviction of the bulls at all, so it could take a while longer for the price to move up.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.