The price has broken down from symmetrical triangle. The max break down target is $152.
The pattern breakdown can reverse when the price reaches around 50% of the break down target which is $217.
However if the price can stay above $263 and continue to break above $306 it could form a single bust pattern.
Target 1 - $217
Target 2 - $152
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
The pattern breakdown can reverse when the price reaches around 50% of the break down target which is $217.
However if the price can stay above $263 and continue to break above $306 it could form a single bust pattern.
Target 1 - $217
Target 2 - $152
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.