Structural transformation: Wedge to channel



D1, BTC, Wedge Channel + H&S (Lower Boundary), 111 bars,

In the short term, utilizing the H&S breakout from the downward channel, it's hard to say how high it might bounce, possibly to the mid-line or the previous high. At this position, it's better not to be overly bearish; going long with a favorable risk-reward ratio is definitely not a mistake.
#区块链# #币圈# #Gate上线Ondo专区现货交易# #非农就业数据来袭# #Gate Alpha晒单挑战#
WLFI0.48%
ETH0.54%
BTC0.09%
GT-0.39%
GUSD0.03%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)