We're ranging in a falling wedge at the moment. The high value areas are the double bottom of the falling wedge and the outer structure (3rd touch) for the completion of that pattern. Since we're moving very correctively on the daily and are getting that arcing nature, it's highly probable that we can reverse from the double bottom (AKA previous daily low on the chart) and the market doesn't need to nor has to reach the outer structure.
Hope Everyone gained some insight and value from this analysis and let me know if you want to see more of these for other crypto/currency pairs. Always do you're own analysis before hand and let's enjoy the rest of the trading week!
Hope Everyone gained some insight and value from this analysis and let me know if you want to see more of these for other crypto/currency pairs. Always do you're own analysis before hand and let's enjoy the rest of the trading week!