BTC/USDT is in a bullish trend on 1H. The price action is forming an Ascending Triangle and testing its rising support. The bullish bias is based on the following confluence:
Expecting bulls to push prices higher towards 50% Fib Resistance.
Sell if the Rising Support breaks till 38% Fib Support!
- Rising Support
- Bullish Hammers
- Fibonacci retracement of previous swing being respected between 50% and 38%
- Bullish Divergence on RSI
Expecting bulls to push prices higher towards 50% Fib Resistance.
Sell if the Rising Support breaks till 38% Fib Support!