Today crypto market is in red following wall street due to inflation rates concern, soaring energy prices, different shortages, etc...
I see in short term a bearish symmetrical triangle going to around Fib 0.786 (36-38k range) after we can have a bullish falling wedge pattern with a target at Fib 0.5 (46-48k). Maybe the symmetrical triangle can be invalidated and the falling wedge can occur directly.
I see in short term a bearish symmetrical triangle going to around Fib 0.786 (36-38k range) after we can have a bullish falling wedge pattern with a target at Fib 0.5 (46-48k). Maybe the symmetrical triangle can be invalidated and the falling wedge can occur directly.
Note
Forgot to add that 20 moving average crossed 50 ma. This is a bearish signal.Trade closed: target reached
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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.