Price completed a Harmonic pattern with subsequent decline to 0.21 and is now within an Ascending Broadening Wedge, which is a bearish pattern. Just posting what I see and the potential that could play out...
Note
Price needs to turn around here and pick up the 30-Day HullMA on the 1H. Stochastic is fully reset and would imply a turnaround. That would see a 20% increase before a rejection at supply zone below the long term trend line (red upper)
Note
30-Day HullMA flipped bull on the 1H
Note
Late to update here: Price made a 16% rise and has now broken down out of the Wedge completing the anticipated movement.
Trade closed manually
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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.