#1INCH #1INCHBTC What next? Breakout, consolidation or go down?
#1INCHBTC (Binance 4-hour)
Even we only have a 2-month historical chart, this interesting structure shows 2 patterns with a "Cup & Handle" formed inside an "Ascending Triangle", and followed by a "Falling Wedge" (due to the #BTC that dumped Alts) where it was stopped on the 50% Fibonacci retracement.
Now the question is, what next? Will it try to breakout soon, to consolidate at this level, or to go down?
Take your own decision... I made mine! ;-)
Even we only have a 2-month historical chart, this interesting structure shows 2 patterns with a "Cup & Handle" formed inside an "Ascending Triangle", and followed by a "Falling Wedge" (due to the #BTC that dumped Alts) where it was stopped on the 50% Fibonacci retracement.
Now the question is, what next? Will it try to breakout soon, to consolidate at this level, or to go down?
Take your own decision... I made mine! ;-)