➖ On the left side of the chart, late 2022, we have an upward correction that leads to a strong crash. The upward bias on this pattern reveals its potential bearishness.
➖ In June 2023 the first cup pattern shows up (Orange).
➖ The pattern that follows is the classic falling wedge, a wide one. Here we have a downward bend and this predicts a raise in prices.
These patterns, the cup pattern and falling wedge are supported by a very strong bullish divergence with the RSI.
The RSI bottomed in June and has been rising since, while FLOWBTC continued to move lower. This tells us that a reversal is around the corner.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.