Tags : Pattern

Bitcoin

Cardano (ADA) Set to Hit $1.50 on Classic Triangle Breakout

Key Cardano Takeaways Cardano’s ADA, now the third-largest cryptocurrency by market capitalization, maintains its top rankings as it sustains its uptrend three days in a row. The ADA/USD exchange rate’s uptrend comes as a breakout-move of its previous Descending Triangle range. That raises the pair’s potential to hit $1.50 in the coming sessions. Ethereum’s top […]Read More

Bitcoin

Bitcoin Rising Wedge Pattern May Bring Trouble for Bulls; Drop

Bitcoin failed to shoot past $50,000 on Sunday despite a growing bullish sentiment towards the said upside target. Instead, the benchmark cryptocurrency alerted about a potential bearish reversal after forming what the technical chartists call a “Rising Wedge” pattern. The BTC/USD exchange rate inched higher in recent days while leaving behind a trail of higher […]Read More

Bitcoin

Bitcoin Sell-Off Triggers Classic Bearish Reversal Pattern; $20K Next?

An overnight sell-off in the Bitcoin market Monday brought its prices down from an intraday high of $34,888 to as low as $31,435. The approx 10 percent decline occurred as traders’ anxieties mounted over a JPMorgan report that cast doubts over Bitcoin’s potential to retest $40,000. According to Nikolaos Panigirtzoglou, the lead strategist at JPMorgan […]Read More