BTC/USD Technical Analysis: Perfect Textbook Technical Pattern Is Very Close To Being In Play” data-reactid=”27″ type=”text”>BTC/USD Technical Analysis: Perfect Textbook Technical Pattern Is Very Close To Being In Play
The head and shoulders pattern is one of the most famous in technical analysis.
Now it seems on the 4-hour chart BTC/USD is forming a perfect one.
If the price breaks and closed above 7,400 that will trigger a potential upside target of between 8K and 8,200.
With the head and shoulders pattern the target is based on the pattern length.
XRP/USD Technical Analysis: Ripple breaks higher but can it sustain the move?” data-reactid=”48″ type=”text”>XRP/USD Technical Analysis: Ripple breaks higher but can it sustain the move?
As you can see from the chart below the price has recently shot higher.
The 0.2255 level has been used on a number of occasions as a support and resistance level.
The next potential resistance lies at 0.2355 which has been respected on three occasions.
LTC/USD Technical Analysis: This resistance level is hitting the price hard intraday
Looking at the hourly chart below its clear to see that the 47.22 level is giving LTC/USD some trouble.
Bitcoin, on the other hand, has broken higher and maybe this can have a lagging effect on Litecoin.
Longterm. this level was pretty significant back on 23rd October as it was where price found support after a heavy drop.
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