NikolaGr

BTCUSDT Rising Wedge approaching heavy resistance

Corto
BITTREX:BTCUSDT   Bitcoin / Tether
BTCUSDT

BTC has been moving between Gann angles so far with additional support and resistance levels offered by the Resistance lines 1 and 2, lately it bounced off the Support 1 line forming what appears to be a rising wedge pattern (for now).

Now its approaching the same resistance zones again, with a under-the-cloud-cross on the 2 Ichimoku lines under a red cloud. In the past a cross under the cloud indicated a weak jump in price that would usually go a little bit over the cloud but then drop down under it again.

We might see a return to the Support 1 and 2 line before another bounce back up.
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