Bitcoin, Ethereum, Dogecoin Retrace But Volume Wanes: A Look At Cryptos Into The Weekend
Portfolio Pulse from Melanie Schaffer
Bitcoin, Ethereum, and Dogecoin are consolidating after a surge earlier in the week. Bitcoin is showing a bullish triple inside bar pattern, while Ethereum and Dogecoin are breaking down from single inside bar patterns. All three cryptos are trading near key resistance and support levels.
October 27, 2023 | 7:59 pm
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POSITIVE IMPACT
Bitcoin is showing a bullish triple inside bar pattern and is trading near key resistance and support levels.
The triple inside bar pattern and the potential bull flag pattern suggest a bullish outlook for Bitcoin in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin is breaking down from a single inside bar pattern and is trading near key resistance and support levels.
The breakdown from the inside bar pattern suggests a bearish outlook for Dogecoin in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum is breaking down from a single inside bar pattern and is trading near key resistance and support levels.
The breakdown from the inside bar pattern suggests a bearish outlook for Ethereum in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100