ADA/BTC Breakout to New Local Highs

In this chart we're looking at ADABTC on the 1D chart as price has consolidated into a rectangle . Price has not broken out through the horizontal boundary at 536 yet, so we're adding this to our watchlist. A breakout will be confirmed once price prints a 1D candle above the 544 price line.

This rectangle has a price target of around 670 for about a 25% gain.

Crypto assets tend to break out violently, so if this occurs, I will simply look for a pullback to the horizontal chart pattern boundary in the following days.

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