Symmetrical Triangle / Bear Pennant
There is a Symmetrical Triangle or Bear Pennant. If it happens to be a Symmetrical Triangle, it could break-out on both sides.
A break-out to the upside will eventually lead the price to $25.000, but a break-out to the downside will push the price down further to around $15.000.
On the hourly charts it look more like a Symmetrical Triangle, but on the daily chart it looks more like a Bear Pennant, which is often a continuation pattern.
However, I will be waiting on the break-out, before making a move.
A break-out to the upside will eventually lead the price to $25.000, but a break-out to the downside will push the price down further to around $15.000.
On the hourly charts it look more like a Symmetrical Triangle, but on the daily chart it looks more like a Bear Pennant, which is often a continuation pattern.
However, I will be waiting on the break-out, before making a move.
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