After breaking through the trend line yesterday, the pitchfork slope & previous trend line came in as support. After an outside reversal day off highs though, i do expect a more prolonged retrace
After breaking the ascending triangle , and hitting our 100% extension target, bitcoin could well come back to re-test previous resistance alongside this median line . I do expect this bull run to continue.
Another test of daily pitchfork
And a narrowing range between this key slope & the shorter term median line. Break median line & the $264 previous resistance is target
This is a key level for bitcoin to break for it to resume its uptrend. With higher highs in place, the range is narrowing. Break the downside & we target $7700, upside break and $9000 is targeted.
Neo has broken its trend line & now targets the median line in this pitchfork formation.
Break the median line and we can see a push to test recent highs
Pretty similar patterns across pairs. Narrowing range between upper pitchfork slope and trend line.
Break below trend and median line is target.
Break above pitchfork slope and we target previous highs on 16th May
A note to keep slopes/pitchforks on your charts even when price breaks through them. As ripple broke through this pitchfork on the 16th, it still acted well as resistance, and then broke back into it, and remained in tact as support.
Range is narrowing, a breakout either way should come soon
Litecoins range within this triangle & each respective triangle slope & the median line in this pitchfork is narrowing.
Break through the upper triangle slope targets the upper slope in the pitchfork
Break through the median line in pitchfork and we target the lower slope of the triangle
Not much follow through after breaking this uptrend yesterday, with the median slope in the pitchfork holding as support. Resistance is top slope in pitchfork and the trend line off 16th May highs
