I was sitting here before Dash dumped thinking man that look like the Crypto ascending triangle. Sure enough, it was. So far ever crypto has a tendcy to do this, move up in a perfect ascending triangle only to then dump. this is basically market makers trying to screw people out of money before running it up again.
Because of this, this is why I can draw this really crappy looking ascending triangle in anticipating that it bases out here at this local support. Wish I would have called that triangle sooner. I would have looked like an oracle or something. Maybe I still will if it move as anticipated? But expect to be in the doldrums for a bit as the market makers try and shake people out before the halving. and to their credit, they have gotten a lot of people to go short to add the fuel they need to really drive it up.
plus, we entered around $50, so we are in good shape here.
yes, this pattern has shown up many times before. The rules of stock trading do not apply to crypto. Not yet. the market is still very very smalll. Eventually it willl follow authentic patterns that aren't manipulated, but that will take time and loose regulations, which we don't have.