DrDovetail

1day symmetrical bull pennant? Or possibly an invered h&s.

COINBASE:BTCUSD   Bitcoin
green horizontal still maintaining great support. the 1 day 50ma(in orange) continues to grow more and more parallel with the ascending red neckline double reinforcing boths levels of support: price action could continue to grind slowly up the red ascending line and form an symmetrical bull pennant it should ultimately pick a direction by the time it reaches the green descending top trendline of the larger 3 day symmetrical triangle though. Still a chance for it to be an inv h&s pattern here as well...2 different inv h&s are currently in play(shown here in yellow and pink). It's possible for the current pattern to be a combo of both a bull pennant and an inv h&s or 1 or the other.
Aviso legal

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