GVTBTC

GVTBTC

PAIR:GVTBTC
THE FALLING WEDGE:
A very known chart pattern and play out to be 70% successful in the upward breakout.
GVTBTC chart looks different, price looking to hold at a support level between 0.00106278sats down to 0.00095166sats. 30% of the time price tends to breakout downward, but wont stay too long before a bounce to the upside.


After a downward breakout(if it happens), price sometimes curls around the front of the wedge and soars upward(this is called a busted pattern). The busted pattern presents a profit opportunity from the long side.
Tall patterns perform better than the short ones.Always remember that Price should touch each trendline at least five times to outline a good pattern. That's 3 touches of one trendline and 2 of the opposite.
Volume trend downward 72% of the time until the breakout(as shown on the chart).
VERDICT:
BUY:0.00130011sats
SELL:0.00173184sats up to 0.00231234sats
STOP LOSS:0.00102245sat

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

Trade Ideas
View all