SUMMARY
BITCORE (BTX) is setting up a bullish ascending right triangle pattern. If this completes with a breakout above the horizontal (black) line, the prices are expected to reach towards $11. The key is the breakout and so the price could bounce around a bit under the horizontal line as outlined by the thin green line. The rising black line demarcates the other side of the ascending right triangle pattern and acts as support. This support needs to hold in order for the integrity of the pattern to lead to a breakout.
Here is a didactic link explainig the basics of Ascending Right Triangle Patterns:
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