BTC/USDT is in a bullish trend, making HHs and HLs. The price action is forming a Rising Wedge chart pattern.
There's also a strong Bearish Divergence on RSI. The price might break down the wedge and fall towards the horizontal support.
Bulls will be in control above the rising support. There's also an opportunity to go short if the wedge breaks downside.
Trade safe. Hit like & follow for more analysis.
There's also a strong Bearish Divergence on RSI. The price might break down the wedge and fall towards the horizontal support.
Bulls will be in control above the rising support. There's also an opportunity to go short if the wedge breaks downside.
Trade safe. Hit like & follow for more analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.