As the bearish market continue, more coins continue to hold on to their previous support levels. XCPBTC Counterparty moved down back to its support level at 0.00116360sats. As it hold on to its support level, the trend has gradually come to an end.
The bottom shows a SYMMETRICAL TRIANGLE.
Having Two trendlines bound prices; the bottom trendline slopes up and the top one slopes down. The breakout of the symmetrical triangle will be confirmed after the current candle stick closes outside the triangle. The TK crossing (bullish) has moved close to( the blue and the red line). More signal is given as the volume has also decreased.
Technicals suggest that, if price closes out the triangle it will likely meet the two targets at the 1.618fib extension and 1.272 extension.
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
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