Hello guys, I'm very new to this Technical Analysis thing, and just am practicing.
I'm not an expert, but an aspiring Analyst and want to become an expert soon.
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I have had ~0.5 BTC worth of Polkadot ~588 DOT @0.00068000 and just decided to get out @0.00068900.
What I have here is a what looks like a Ascending Triangle / Rising Wedge and we are about to see price dip.
Another possibility is that we are in this channel and price would go up to 0.00080000 sats.
I feel like the break out of the Rising Wedge is more likely and therefore the price will dip to around 0.00060000 sats.
The descending RSI also support this idea.
I'm not an expert, but an aspiring Analyst and want to become an expert soon.
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I have had ~0.5 BTC worth of Polkadot ~588 DOT @0.00068000 and just decided to get out @0.00068900.
What I have here is a what looks like a Ascending Triangle / Rising Wedge and we are about to see price dip.
Another possibility is that we are in this channel and price would go up to 0.00080000 sats.
I feel like the break out of the Rising Wedge is more likely and therefore the price will dip to around 0.00060000 sats.
The descending RSI also support this idea.