I spotted a bullish continuation pattern called Pennant in Bitcoin chart
Support and resistance are marked with yellow trendlines
There is also a Flag Pole (white trendline)
The model is clean as we already see a bullish breakup and a textbook pullback
to the broken resistance.
The target is established at the height of the Flag Pole applied to the broken resistance
at $135k.
For final confirmation the price should overcome the top of breakout at $119,800
The invalidation point is located at the bottom of the Pennant at $114,700
Support and resistance are marked with yellow trendlines
There is also a Flag Pole (white trendline)
The model is clean as we already see a bullish breakup and a textbook pullback
to the broken resistance.
The target is established at the height of the Flag Pole applied to the broken resistance
at $135k.
For final confirmation the price should overcome the top of breakout at $119,800
The invalidation point is located at the bottom of the Pennant at $114,700
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.