Btc has broken support line of wedge and may continue to fall
Hello my friends, today I want to talk to you about BTC/USDT
The price formed a pattern of ascending wedge, after which it broke through the support line, which now became the resistance line.
The price is now trading below the resistance line.
The price can rise slightly and test the resistance line, then bounce.
I expect that after a possible test of resistance line, the price can continue to fall.
Therefore, I set the target for Bitcoin at 16300.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
The price formed a pattern of ascending wedge, after which it broke through the support line, which now became the resistance line.
The price is now trading below the resistance line.
The price can rise slightly and test the resistance line, then bounce.
I expect that after a possible test of resistance line, the price can continue to fall.
Therefore, I set the target for Bitcoin at 16300.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
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.