Community post
PAYBTC : falling wedge
Hi everyone,
Today I would like to show you a TA on the PAYBTC chart.
There is different patterns on this chart.
Here is the virgin chart, without any analyst :
In the historic, we had a pattern called falling wedge (I will explain what is this pattern in a futur "pattern bible" post).
Since we broke the falling wedge, we made almost +100% profit.
Now we are again in a new falling wedge (the red one)
I am currently waiting for the price to cross the upper resistance to get in. This is for a short term target.
For a long terme target :
We also have a Chuvachov's Fork (in green). If you want to invest in a long term view, I suggest you to wait until we break the second downtrend.
Thanks for reading!
Don't hesitate to comment & upvote if you liked it.
Replies (4)
Sympa l'analyse !
Si j'ai bien compris sur la 2ème image, si le cours traverse de manière franche la ligne bleu des chandelles supérieurs, alors le cours à de très forte chance de grimper.
Et si c'est celui du bas, le cours doit chuter ?
Merci ;-)
Exact, si on break un falling wedge par le haut, alors le prix est susceptible de monter. (Ce qui s'est passé sur le falling wedge bleu, quand on a break on a quasi fait +100%)
Impec ! Merci pour la précision
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