Yet another bearish continuation chart pattern on the 4hours time frame. The crypto market has been printing out bearish continuation chart for the past few day.
The descending triangle chart pattern is a bearish chart pattern and can be called a continuation or a reversal chart pattern.
This chart shown above is a clear chart pattern that signal that price will likely continue to push lower if it breaks the horizontal support in the descending triangle.
This pattern will only be valid if price close below the horizontal support.
The following prices are what traders should keep an eye on:
Breakdown: $167.45
Support 1: $165.47
Support 2: $163.15
Support 3: $160.77
Support 4: $157.82
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
The descending triangle chart pattern is a bearish chart pattern and can be called a continuation or a reversal chart pattern.
This chart shown above is a clear chart pattern that signal that price will likely continue to push lower if it breaks the horizontal support in the descending triangle.
This pattern will only be valid if price close below the horizontal support.
The following prices are what traders should keep an eye on:
Breakdown: $167.45
Support 1: $165.47
Support 2: $163.15
Support 3: $160.77
Support 4: $157.82
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.