BTCUSD #H1 Chart Analysis
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
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
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