Potential reaccumulation scenario for HTRUSDT. Macro structure (ascending triangle) broke down, but I do not necessarily see this as bearish.
It would appear that the price action may be following a classic wyckoff reaccumulation pattern. Price just completed a secondary test after a spring off previous ATH region and looks ready for a markup and "jump across the creek".
It would appear that the price action may be following a classic wyckoff reaccumulation pattern. Price just completed a secondary test after a spring off previous ATH region and looks ready for a markup and "jump across the creek".
Comment:
Looked good until May 5th, upon which the PA began to deviate and broke down through support. Onto the next one.