Most of the chart patterns at the moment are pointing to lower targets on the bitcoin chart. Only one of the patterns gives a higher target.
Most likely the price will continue dropping so trade carefully at the moment. Bitcoin price dropping will effect the whole of the market.
Solana (SOL) has broken out bullishly from a triangle.
The measurement for the target of this pattern is the height of the triangle at the widest point added to the point of the breakout.
You can use the fib levels for suggested take profit targets.
IDEA has retested a descending resistance two times now the third time with enough buying strength the price could break through and the next major resistance is some 111% higher than the current price.
Are you bullish about IDEA in the medium term?
NOT FINANCIAL ADVICE JUST MY ANALYSIS OF THE CHART PATTERNS.
3 white solders on the weekly are giving a target of $60,000 on the upside.
Inside day on the weekly points to lower target of $27,601 so be cautious.
There are many other chart patterns and candlesticks all giving targets around these prices with a high level of certainty.
The good news is that if...