Second times in days. Will it break up. Previously it was violently rejected.
Currently blue path is preferable, a bearish divergence and a retest of the trendline after break up. however price action in a rising wedge which is bearish. A breakdown of the rising wedge will complete a head and shoulders and take the price to 0.05959.
Keep in mind that in cryptos especially the btc pairs, price action have a mind of their own. We can complete the head and shoulders then produce a 5% failure going straight back up.
Currently blue path is preferable, a bearish divergence and a retest of the trendline after break up. however price action in a rising wedge which is bearish. A breakdown of the rising wedge will complete a head and shoulders and take the price to 0.05959.
Keep in mind that in cryptos especially the btc pairs, price action have a mind of their own. We can complete the head and shoulders then produce a 5% failure going straight back up.
