A term used in technical analysis where a security or tradable asset such as cryptocurrency drops in price, rebounds, and then reverts back to near the previous drop. This is often taken as a bullish signal. The image on the chart looks like a “W”.
A term used in technical analysis where a security or tradable asset such as cryptocurrency drops in price, rebounds, and then reverts back to near the previous drop. This is often taken as a bullish signal. The image on the chart looks like a “W”.