As you can see there is a symmetrical triangle pattern. From my experience with symmetrical triangles sometimes the price drops below the pattern and then just before the pattern closes, the price recovers and the price goes above the pattern.
Bullish pennant
- Price will breakout of the pennant in the yellow zone
- Target one is $40,000 - Highly possible
- Target two is $46,000 - No comment yet
Out of the 8 ascending triangle patterns I have seen over the last 3 years, not one has failed me. Price increase above $6.1USD incoming (most likely in Jan). Could also be an early signal that Bitcoin will do the same.
