There is a reverse pattern on VEN/BTC that it calls Head & Shoulder pattern in Technical Analysis Literature.
Ven/Btc Price has broken pattern's neckline as of today. According to meaning of pattern, if price breaks pattern neckline, expect price moves toward pattern target.
So in the coming days Ven/Btc price might reach pattern target is 60700 BTC
Legal Disclaimer:I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.
I've been trying to hard to use pattern recognition lately but these markets don't follow the rules! Like yesterday we saw ETH break support with volume, yet rally and make a new high....huh? I'm getting screwed by playing by the rules, lol.
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Yes exxodus. Maybe you can right about this case. But i think that if we can use pattern with EMA then we can reach good scores. But as you know market has high volatility, so sometimes decision to buy or sell position to be very hard with technical analysis case. But i like follow my strategy with pattern and ema. Thanks for comment and have nice weekend.
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I'll have to start looking more at that as well. They've typically seemed to work well (along with the fib levels).
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This analysis made me remember when I was learning TA and trying to understand how to read chart pattern. Great tip man, let's watch how it rolls out.
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Thanks bania for comment. I hope it will be possitive:) Have a nice weekend
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You got a 8.33% upvote from @sureshot courtesy of @cryptoewp!
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You didn't upvote my post @sureshot
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