ADA/BTC Breakout to New Local Highs
In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.
This rectangle has a price target of around 670 for about a 25% gain.
Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea interesting or helpful in any way!
Cheers!
This rectangle has a price target of around 670 for about a 25% gain.
Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea interesting or helpful in any way!
Cheers!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.