Pennat consolidation forming in BTCUSD Daily Chart

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
A pennant consolidation is forming on the BTCUSD Daily chart . This generally is a consolidation before a new leg that continues the prevailing trend. In this case, this would indicate a new leg lower with a target at around $3000 support if it closes to the downside. A break above the pennant could indicate a longer consolidation, with much higher prices required to begin forming a bullish base.
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