Looks to be a cup and handle pattern forming with a breakout possible given the volume increases.
Comments
silmaril0875
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Same pattern existed between the 14th and the 20th of June and it still crashed to new lows, what do you think is different this time?
enoch87
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@silmaril0875, Volume needs to increase for the break out to occur. This predication is just a possibility and as in no means a basis to trade upon, just my general thoughts. I'm seeing charts on both sides breaking either way, pretty crucial weekend for Crypto in general.
silmaril0875
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@enoch87, I agree with volume requirements. I'm curious to know what you think about the passive up pressure and what that means?
enoch87
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@silmaril0875, Yeah it could be artificially inflated before another correction occurs.