Chibuike_Odoh

BTCUSDT - Potential buy entry πŸ”Ό

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT brokeout above the descending broadening wedge resistance.
Price retested the flip wedge support + 0.618 fibonacci retracement level + ascending channel support.
RSI printed a bullish divergence signal.
Price action is printing an ascending triangle pattern.
Buy entry ⬆️ - breakout above the ascending triangle horizontal resistance.
Targets 🎯 - fibonacci extension levels, ascending channel resistance.
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.

Comments

good analysis
+1 Reply
Chibuike_Odoh importantCode12562
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