Here we can see a rising wedge (bearish pattern) and a pennant (bullish pattern).
Trading volume is very low as well volatility (ATR).
We can see here that 3.0943 is a local horizontal resistance. There where 3 failed attempts to cross resistance.
If there is a 4th retest it has a higher chance of following the rising wedge pattern which could lead us into a small drop.
Now still keep in mind that there is still high chances of bullish formation happening. Entry only after confirmation is important.
Bitmex Trading Bot & Full Trade Setup
👇👇
Trading volume is very low as well volatility (ATR).
We can see here that 3.0943 is a local horizontal resistance. There where 3 failed attempts to cross resistance.
If there is a 4th retest it has a higher chance of following the rising wedge pattern which could lead us into a small drop.
Now still keep in mind that there is still high chances of bullish formation happening. Entry only after confirmation is important.
Bitmex Trading Bot & Full Trade Setup
👇👇
