Hello, traders welcome to another BTC/USDT chart update.
As we can observe from the above-mentioned chart that BTC is trading inside the triangle pattern on a green support zone or the lower trend line support in this hourly chart.
Here RSI moving upside and MACD already printed bullish cross over.
25min remains for a candle close, here BTC needs a candle close above the red dotted resistance level and needs a break above this triangle pattern.
Break above and retest to this triangle pattern will lead BTC to gain some green candle towards the upper resistance level at the price level of $30600.
A candle that closes below the lower green support zone will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can observe from the above-mentioned chart that BTC is trading inside the triangle pattern on a green support zone or the lower trend line support in this hourly chart.
Here RSI moving upside and MACD already printed bullish cross over.
25min remains for a candle close, here BTC needs a candle close above the red dotted resistance level and needs a break above this triangle pattern.
Break above and retest to this triangle pattern will lead BTC to gain some green candle towards the upper resistance level at the price level of $30600.
A candle that closes below the lower green support zone will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
