After breaking the wedge pattern, currently the price of bitcoin found support in its daily average of 55 periods.
I think breaking this support could be the confirmation of the continuation pattern.
It is interesting to realize that almost every time the price breaks the average of 55 it usually fetches the average of 144 periods.
This would be a retraction up to something around $ 3,300, which coincides with the intersection of important trend lines and also with the target projected by the continuation pattern.
Let's watch to see.
I think breaking this support could be the confirmation of the continuation pattern.
It is interesting to realize that almost every time the price breaks the average of 55 it usually fetches the average of 144 periods.
This would be a retraction up to something around $ 3,300, which coincides with the intersection of important trend lines and also with the target projected by the continuation pattern.
Let's watch to see.
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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.