Daousdt has formed a descending broadening wedge, with the price bouncing off the lower trendline. This area is ideal for accumulation, with a stop loss set below the previous all-time low (ATL).
The target for this setup is a potential retest of the upper trendline, meanwhile the bigger target can only be determined after price successfully breakout of the pattern. Do let us know what you think about our findings.
The target for this setup is a potential retest of the upper trendline, meanwhile the bigger target can only be determined after price successfully breakout of the pattern. Do let us know what you think about our findings.
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