Raising wedge pattern

10 ביולי 2021

Rising wedge visible on the 1h tf with multiple touches, the lower trendline seems to be holding as support. This is also confluence with the stochastic RSI at over sold, in the immediate short term, we might see some upward movement, but won't last long and the price would eventually breaks downwards as the 4h and daily RSI seems to be overbought. IMO