L.INKBTC broke out of descending wedge
L.INKBTC broke out of this descending wedge nicely.
Looking at volume we can see that there was a strong move to push past that trendline resistance, as well as through the 100 and 200MA on the 4H
RSI has hit 70, so expect a pullback to the MA
Just keeping an eye on this for now.
I'm learning so this analysis will be quite basic.
No position entered on this one, but I would have set TP around .00024 as this level formed support previously
Looking at volume we can see that there was a strong move to push past that trendline resistance, as well as through the 100 and 200MA on the 4H
RSI has hit 70, so expect a pullback to the MA
Just keeping an eye on this for now.
I'm learning so this analysis will be quite basic.
No position entered on this one, but I would have set TP around .00024 as this level formed support previously
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