Take a look at this gigantic descending triangle. Will it break the resistance?
Kommentar:
Even if you zoom in to the 1 Hr timeframe
Kommentar:
And when you look at the XRDUSD-pair you can see it's broke out of the downwards-channel:
Kommentar:
Breakout confirmed! Now testing the previous line of resistance:
Kommentar:
Previous line of resistance seems to be support now
Kommentar:
It seems a falling wedge is forming
Kommentar:
A (kind of) falling wedge on the XRDBTC
And a descending triangle on the XRDUSD…
.. what helped to cool down the RSI a bit
And a descending triangle on the XRDUSD…
.. what helped to cool down the RSI a bit
Kommentar:
Don’t look at the purple dotted line, that’s from the Huge descending triangle. But when you look at the white dotted lines you can see a falling wedge is forming. Probably to cool down the RSI a bit after the breakout. It’s also part of a tiny cool down period of the whole crypto market
Kommentar:
XRDBTC is in a downwards channel. The purple line is from the big descending triangle which is formed over years. Probably XRDBTC is ready to set a double bottom
Kommentar:
IMO XRDBTC is still in a huge falling wedge:
