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.
Comment:
Forgot to add that 20 moving average crossed 50 ma. This is a bearish signal.
Trade closed: target reached