Price chart formed a 10 day-long Ascending Triangle Reversal with the upper boundary acting as strong resistance at 0.00002625 levels. The boundary was tested several times over the course of the chart pattern. The daily close above 0.00002625 levels confirmed the breakout from the 10 day-long Ascending Triangle Reversal with the possible chart pattern price...
Price chart formed a 6 week-long rectangle with the lower boundary acting as strong support at 6.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close below 6.64 levels confirmed the breakdown from the 6 week-long rectangle with the possible chart pattern price target of 4.67 levels.
Price chart formed a 1-Week Rectangle with the lower boundary acting as support at 0.1985 levels. The lower boundary was tested several times over the course of the chart pattern. The 6H close below 0.1925 levels confirmed the breakout from the 1-Week Rectangle with the possible chart pattern price target of 0.1783 levels.
Price chart formed a 4-month-long symmetrical triangle with the lower boundary acting as support at 7720 levels. The lower boundary was tested several times over the course of the chart pattern. The daily close below 6336 levels confirmed the downside breakout from the 4-month-long symmetrical triangle with the possible chart pattern price target of 2520 levels.
A simple trend-following trading plan for BTC currently generating a sell signal. Buy/sell signals occur when the weekly price closed above/below the 52-week moving average.
Price chart formed a 10 week-long ascending triangle with the upper boundary acting as strong resistance at 15.14 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close above 15.59 levels confirmed the breakout from the 10 week-long ascending triangle with the possible chart pattern price target of 20.40 levels.
Fan lines are drawn along successive peaks in a downtrend. The breaking of the third fan line usually signals the start of an uptrend.
Short-term retracement to the third fan line is expected as a test it has changed from resistance to support. If support is confirmed, a new uptrend is expected.
