$MUTE right-angled descending broadening wedge (bullish)
$MUTE right-angled descending broadening wedge (bullish).
Mute is a ZK-Rollup based automated market maker exchange, farming platform, and IDO platform. Holders of MUTE can participate in governance and earn fees from platform revenue.
Bullish fundementals showing in the charts. (ZKSync main-net launch this year will see the launch of Mute) compare MUTE's market cap ($5m) with that of ZigZag ($300m).
A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle. The oscillations between the two triangle terminals are therefore becoming increasingly large. Each line must be touched at least twice to be validated.
Mute is a ZK-Rollup based automated market maker exchange, farming platform, and IDO platform. Holders of MUTE can participate in governance and earn fees from platform revenue.
Bullish fundementals showing in the charts. (ZKSync main-net launch this year will see the launch of Mute) compare MUTE's market cap ($5m) with that of ZigZag ($300m).
A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is formed by two diverging lines, the resistance being a horizontal line and the support a bearish downward slant, so it is an inverted ascending triangle. The oscillations between the two triangle terminals are therefore becoming increasingly large. Each line must be touched at least twice to be validated.