Bearish H&S pattern for BTC

2021年5月22日

Seems like a H&S pattern is forming on the 1H. If we break down then price target is the 28.5k support level. 28.5k was confirmed as a strong support level 3 times back in January of this year.

The H&S pattern is even clearer on the ETH and ADA charts.

We will have to see if we bounce, but it's looking bearish from here.

2021年5月22日

註釋

I think ADA, ETH, LINK and DOT look even more bearish than BTC. Price targets for some of them are around 40% lower than current levels. Nothing is guaranteed though, just have to wait and see.