Falling Wedge Pattern
2025-01-26
Category: None

A falling wedge pattern is currently forming, starting from October 8th. This pattern is characterized by a downward-sloping resistance line (lower highs) and a support line (higher lows) converging over time. The price is tightening within this range, indicating potential bullish pressure building up for an eventual breakout to the upside.
 Target Zone: $3.9 

 Wedge Height:
 
High near $4.6
Low near $1.5
Approximate height: $3.1
