So the whole market waits with bated breath for a reaction, the fear index shows us "greed", the RSI signals that the asset is overbought... Can we go to 70,000 - yes, we can, but in any case we will receive a correction, maybe we are waiting for the release of negative news or elections in the USA, but I want to show you something:
On the 1 hour time frame, I have spotted an Ascending Wedge technical analysis pattern
So, if it is her, we are in for a correction. A little information about the pattern:
An ascending wedge is a pattern that can be identified by a series of higher lows followed by successive higher highs, with the length of each subsequent price movement between the low and the high becoming shorter and shorter.
A compression of price momentum between two trend lines eventually leads to a breakout. In this regard, the selling position is activated by the breakthrough of the rising trend line. In such a situation, it is logical to place a stop loss on the opposite side of the rising wedge, while a trailing stop loss can be used to lock in profit.
Anyway, happy hunting to all! This is my vision, not financial advice!
$BTC $DOGE $BNB
#Crypto#predictions#BTC#BNB #DOGE
