BTC/USDT H4 " Bullish Pennant" Possible Breakout soon ..?
Updated
In the H4 there is a consolidation , its forming a bullish Pennant atm.
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
AND
there is always the possible BREAKOUT downwards so wait for CLOSE above !!!
The Volume is also decreasing thats good for the Pattern.
A bullish Breakout above the UPPER Channel Line would be Bullish Move with a Target 8000$
WATCH OUT for the 50SMA on the Daily , this is why we need a HIGH Volume peak for a valid breakout here.
AND
there is always the possible BREAKOUT downwards so wait for CLOSE above !!!
Note
UPDATE:
Now we have hear a Bullish Flag ... Lets see if the Flag stay valid
Note
After the breakdown we are at a Decision Point.
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