As the currency rate has touched the new resistance the probable pattern is shown below.
Again obviously we recognize the same possible conditions.
We can see failed minimum expectations by new resistance point in the near past of the symbol. Now the price is contracting more and more in a a triangle which may be the falling wedge.
Again i have marked the price possible target.
As we find out that there is confirmed Double bottom pattern in H1 time frame, we can analayze the next possible price steps.
Weekly analysis of iron ore has still bullish attitude.
The new step of price affected by tensions in favor of Iran at strait of Hormuz, is 1408$
Bullish market in H4 time frame with steps of price is obvious.
In order to classical view we have triangles which show increase of price and in wave analysis the exponential channel is obvious shows that we can see the big 5th motive wave.
Actually if the price reaches 231 then 268 would be able to be reached and potential buy is currently available.
As BTCUSDT compresses down and beacause price has touched the lowest poin of the channel i think the targets in minimum activity of price will be on chart labels .