BTCUSD #H1 Chart Analysis

5일 전

Instrument: [BTCUSD]

Time Frame: H1 Chart

Observations:
1. Identified Inverted Cup and Handle Pattern
2. Trend has Respected Neckline multiple times
3. Current price action shows Breakdown at Neckline first. now, it is retesting neckline as a Resistance Zone
4. Fast Moving Average line has also crossed the Slow moving Average line from Upside to downward indicating bearish trend

Trading Strategy:
Go For Sell @62300
Take Profit= 61300
Stop Loss= 62800