ANALYSIS 🔎
- 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 an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level R1
- Horizontal resistance level R2
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- 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 an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level R1
- Horizontal resistance level R2
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.