Coming Off Bottom: Wedge Breakout

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Coming Off Bottom: Wedge BreakoutHIVE Digital Technologies LtdBATS:HIVEWis_Ticker HIVE > Target Analysis: - The irregularity level circa $2.9 - $3 need to be crossed in order to create a base for the next push forward. - significant resistance found circa $3.3 - $3.3, i.e., 2nd target. - a fair value gap is observed on the weekly chart circa $3.8 - $4.4, signifying the 3rd target. > Volume Analysis: recent volume is net positive and growing with correlating price action. > Market Structure Analysis: the first stage of the breakout has already occurred and the second stage is currently undergoing as evident by sequential changes of character which signifies the shift in market structure; ergo we observe a potential reversal from the downtrend and an emerging uptrend. ### Authors Notes ### my method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I have used other ancillary tools and indicators as well such as oscillators and MA's.