A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70.
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A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70.
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The incredible price rally appeared in line with a bull run across gaming and metaverse tokens.
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The bearish setup positions Ethereum price to extend the decline toward $2,000.
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Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%.
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The meme cryptocurrency has crashed by over 60% from its May 8 peak and one analyst believes it has another 60% deeper to go.
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Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively as many are starting to feel like the […]
The post Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps appeared first on Bitcoin News.
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