Breakout Coming!
1) Upwards breakout of minor symmetrical pattern through 50 day avg towards $15700 resistance level in the next day or so.*
2a) Then consolidation to $14500 over next two weeks, as long as rising support holds.
2b) If not, look for next supports at $12800, and $11100. I would expect those to hold and generate a nice bounce if they are reached, with a bigger bounce coming off $11100.
*If the price breaks downward through the current minor symmetrical pattern, go straight to 2b)
yellow vertical lines are breakout target times
#BTC #crypto #cryptocurrency #charts
2a) Then consolidation to $14500 over next two weeks, as long as rising support holds.
2b) If not, look for next supports at $12800, and $11100. I would expect those to hold and generate a nice bounce if they are reached, with a bigger bounce coming off $11100.
*If the price breaks downward through the current minor symmetrical pattern, go straight to 2b)
yellow vertical lines are breakout target times
#BTC #crypto #cryptocurrency #charts
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