Chibuike_Odoh

BTTUSDT (BITTORRENT) - DAILY ANALYSIS

Long
BINANCE:BTTUSDT   BitTorrent / TetherUS
ANALYSIS πŸ”Ž
- BTTUSDT is printing the inverse head and shoulders pattern.
- This is a trend reversal pattern.
- A bullish one to be precise.
- RSI is printing a bullish divergence signal.
- Price is testing the inverse head and shoulders neckline resistance.
- There's a breakout potential.

BUY ENTRY ⬆️
- Aggressive (risky): current market price (now).
- Conservative : breakout above the inverse head and shoulders neckline resistance.

TARGETS 🎯
- Horizontal resistance level R1.
- Horizontal resistance level R2.

SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level .

Comments

Are you able to do an update on the current chart ? Nice 1 appreciate your insight
Reply
Chibuike_Odoh samvacquier
@samvacquier, I'll do another analysis on BTTUSDT soon
Reply
samvacquier Chibuike_Odoh
@Chibuike_Odoh, Thanks dude !
Reply
Chibuike_Odoh samvacquier
@samvacquier, πŸ‘
Reply
samvacquier samvacquier
@samvacquier, HA ! Its just done what i thought it was going to do !
Reply
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