As the markets tends to gain some upside, some coins are still trying to hold on to their support zone.
The falling wedge and a return to the kijun(metric of ichimoku cloud)
The falling wedge which started on the first of April 2018 and still inside the falling, kijun( red EMA) flatten out already calling for a kijun bounce.
Price trend Can be any direction leading to the pattern.Price follows two down-sloping and converging trendlines.
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 Trends downward 72% of the time until the breakout.
Breakout Can be in any direction but is upward 68% of the time.
The pattern confirms as a valid one when price closes outside one of the trendlines.
expect kijun to flatten out more(red EMA) while the tenkan(blue EMA) holds down price serves as a resistance for price.
Technicals suggests a pullback up to the latest kijun.
SELL:0.00000680sats up to 0.00000895sats
STOP LOSS: 0.00000380sats
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.