In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.
This rectangle has a price target of around 670 for about a 25% gain.
Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea interesting or helpful in any way!
Cheers!
This rectangle has a price target of around 670 for about a 25% gain.
Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea interesting or helpful in any way!
Cheers!