RLinda ! BTCUSDT-> Stalemate. Downward wedge and dovntrend
BTCUSDT The price shows us an interesting situation and thereby trying to confuse. On the chart, the price after the activation of the bearish set "Rising wedge" forms a downward price channel and two strong downward impulses, within which the fall was about 18%.
But if you look closer you can see a downward wedge within the descending price channel, the price breaks through the wedge resistance, but there is no strong reaction of the price, the price forms a pullback after the breakdown and falls, breaking the support 19830, in fact the price is in the critical zone
We should also pay attention to the trend lines MA 50 and MA 200, the price made a false-break and went below them, and started to descend.
On the chart I marked two potential scenarios, to enter the market it is necessary to wait for the price to show the development of a specific situation, I still believe that the bears have more potential and they can sell the market down, closer to the liquidity zone 17622.
Regards R. Linda!
But if you look closer you can see a downward wedge within the descending price channel, the price breaks through the wedge resistance, but there is no strong reaction of the price, the price forms a pullback after the breakdown and falls, breaking the support 19830, in fact the price is in the critical zone
We should also pay attention to the trend lines MA 50 and MA 200, the price made a false-break and went below them, and started to descend.
On the chart I marked two potential scenarios, to enter the market it is necessary to wait for the price to show the development of a specific situation, I still believe that the bears have more potential and they can sell the market down, closer to the liquidity zone 17622.
Regards R. Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
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🧿Web: rlinda.com
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