Igloobamboo

Ascending channel or wedge?

BINANCE:BTCUSDT   Bitcoin / TetherUS
We clearly have rising price action over time that is contained within boundaries. Marking a mid point line, we can see that this has been a minor area of support or resistance throughout the recent price action. Will the Coinbase IPO give a lift into the upper portion of the pattern? Perhaps a slight lag as the news of the IPO reaches more people via mainstream media might mean we bounce around the lower half where bears could be primed and ready to pounce?

Penafian

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