This is a Bitcoin (BTC) to Tether (USDT) trading chart from TradingView for the Binance exchange on a 1-hour timeframe. The chart shows a price breakout above a downward trendline.
Key elements:
The price was following a downward trend (blue trendline).
A projected bearish movement was indicated with an arrow pointing toward lower levels (~$76,000).
Instead of following the bearish path, BTC broke out above the trendline, reaching approximately $83,252, showing a +5.92% gain.
The purple icon with a lightning bolt may represent a pattern recognition or an alert from a trading indicator.
It looks like a failed bearish pattern (possibly a head and shoulders or wedge), leading to a breakout upwards.
Key elements:
The price was following a downward trend (blue trendline).
A projected bearish movement was indicated with an arrow pointing toward lower levels (~$76,000).
Instead of following the bearish path, BTC broke out above the trendline, reaching approximately $83,252, showing a +5.92% gain.
The purple icon with a lightning bolt may represent a pattern recognition or an alert from a trading indicator.
It looks like a failed bearish pattern (possibly a head and shoulders or wedge), leading to a breakout upwards.
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.
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.