$WAN breakout 0.50 cents low risk and upward exit
Falling below the red marker zone and failure to maintain the zone of the lower band of the diamond equals to looking for support on the fibo at 0.4500
holding the 0.618fib (orange)
will test the higher zone for an upward breakout
Bitcoin needs to help with this, on it chart above
VC indicator, voluemn shows that the consolidation is moving towards increased volume.
On the daily chart we have the Evening Star, so this is a difficult pattern to beat which is why I see a diamond formation there with a 50/50 breakout
I have set levels to make it easier to discern the trend.
Falling below the red marker zone and failure to maintain the zone of the lower band of the diamond equals to looking for support on the fibo at 0.4500
holding the 0.618fib (orange)
will test the higher zone for an upward breakout
Bitcoin needs to help with this, on it chart above
VC indicator, voluemn shows that the consolidation is moving towards increased volume.
On the daily chart we have the Evening Star, so this is a difficult pattern to beat which is why I see a diamond formation there with a 50/50 breakout
I have set levels to make it easier to discern the trend.