- BTSUSDT is printing a major ascending triangle.
- Price is retesting the major ascending triangle's inclined support.
- Price action is printing a minor ascending triangle pattern at the retest area.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the minor ascending...
- BTSUSDT brokeout above the descending trendline resistance (1) and hit swing high.
- Price the retraced for a retest of the flip horizontal support and 0.618 fibonacci retracement level.
- The retracement was resisted by the descending trendline resistance (2).
- Price brokeout above the descending trendline resistance (2).
- Price action is printing...
. BITSHARES/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 27.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
. There is a possibility of...
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support line (0.2005) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Signal to enter the market occurs when the...