The Rising Wedge is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Market participants tracking Block, Inc. should note the latest formation. Currently at $69.33, the asset is showing downward momentum (-2.19%). The primary technical feature is a Bullish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $77.16, targeting $102.52 with support near $67.8 (R:R 2.71).
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