Crypto has been under pressure, with two key chart developments being fodder for the bears. “Out of control” Bitcoin price action and a negative moving-average indicator point to additional downside.

(MENAFN- Crypto Breaking) Bitcoin could be on the verge of a significant breakout as charts reveal the formation of a“megaphone pattern.” Analysts predict a potential price target ranging from ...

Known in technical analysis as the broadening formation, the “megaphone pattern” — as traders colloquially refer to it — represents a favorite dynamic to trade. That’s because megaphones don’t offer ...