Along with BTC and the other major altcoin versus the USD, a pennant pattern is forming.
If we were to assume trend continuation, a breakout to the downside would be the more probable outcome. Should this occur, a projected target from the consolidation zone that has almost complete is shown @ 0.46 satoshi.
Great risk to reward should this pattern play out. Note the volume is decreasing.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
If we were to assume trend continuation, a breakout to the downside would be the more probable outcome. Should this occur, a projected target from the consolidation zone that has almost complete is shown @ 0.46 satoshi.
Great risk to reward should this pattern play out. Note the volume is decreasing.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active:
Triggering event has occurred, with a recent smack down. Place stops.
