Possible movement of btcusdt
btcusdt made a high of 32088 on 30th of May 2022 after that made a double top and fell on 19th of June 2022 and made a low of 17622
a channel was formed again took big resistance at 30th of July 2022 and made a double top at channel's top and fell on the same date 19th of Aug 2022 and made a low of 20783
Now we can see a minor pull back till 22400 -22630 If breaks btc can go for channel top where we have multiple resistance of channel top and trendline from all time high which lies 25850 so btc can test the area of 25450 - 25850
So now we have two different scenarios with different trading strategies one is long till first resistance
another is short at resistance specially channel top.
Good Luck Keep Trading.
btcusdt made a high of 32088 on 30th of May 2022 after that made a double top and fell on 19th of June 2022 and made a low of 17622
a channel was formed again took big resistance at 30th of July 2022 and made a double top at channel's top and fell on the same date 19th of Aug 2022 and made a low of 20783
Now we can see a minor pull back till 22400 -22630 If breaks btc can go for channel top where we have multiple resistance of channel top and trendline from all time high which lies 25850 so btc can test the area of 25450 - 25850
So now we have two different scenarios with different trading strategies one is long till first resistance
another is short at resistance specially channel top.
Good Luck Keep Trading.