Btcusd Pennant Analysis Chart Patterns Share For You 97% Sure Signals. Btcusd Use Breakout and Then Target 🎯
This chart shows a bearish pennant pattern forming on the Bitcoin/Tether (BTC/USDT) 1-hour timeframe. The pennant is characterized by a sharp downtrend (flagpole) followed by a consolidation phase within converging trendlines. The price is expected to break out downward, as indicated by the black arrow. After a potential retest, the target is set around $89,021.37 if a bullish reversal occurs post-breakout.
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This chart shows a bearish pennant pattern forming on the Bitcoin/Tether (BTC/USDT) 1-hour timeframe. The pennant is characterized by a sharp downtrend (flagpole) followed by a consolidation phase within converging trendlines. The price is expected to break out downward, as indicated by the black arrow. After a potential retest, the target is set around $89,021.37 if a bullish reversal occurs post-breakout.
Are you looking to share this analysis with your followers or need help drafting a post?
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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.