The price perfectly fulfilled my last idea. It hit the target level. 
BTCUSDT market is consolidating above the 80,000 level after breaking below the February low. Recently, a large weekly doji candle has formed, indicating a sideways movement. Currently, the price is trading within this week's range. Looking at the broader picture, we can see that the price action is narrow, and the market is creating a falling wedge pattern. Since the market is consolidating below the downward trendline, I anticipate a breakout above it, which would likely lead to further extension. If the price closes above the last week's high, we could see the formation of a solid inverse head and shoulders pattern in the market. My goal is resistance zone around 88,000
BTCUSDT market is consolidating above the 80,000 level after breaking below the February low. Recently, a large weekly doji candle has formed, indicating a sideways movement. Currently, the price is trading within this week's range. Looking at the broader picture, we can see that the price action is narrow, and the market is creating a falling wedge pattern. Since the market is consolidating below the downward trendline, I anticipate a breakout above it, which would likely lead to further extension. If the price closes above the last week's high, we could see the formation of a solid inverse head and shoulders pattern in the market. My goal is resistance zone around 88,000Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Trade closed: target reached
8% - great 🤗🤝
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
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.