Imminent breakout?
A symetrecal triangle seems to be forming on the btc/usdt 4h timeframe with an upside target to 46k zone and downside to 22k zone, how ever until clear ranging zones, has been invalidated, it's a good idea to take profits at the range high (resistance) and range low(support) as the case maybe.
Zoomed In, the price is currently running into a resistance at the 34.9k -35.3k zone which lines up accurately with the upper trendline of the triangle.
Definitely worth to keep an eye on, for a breakout with volume, a good trade might be looming.
Zoomed In, the price is currently running into a resistance at the 34.9k -35.3k zone which lines up accurately with the upper trendline of the triangle.
Definitely worth to keep an eye on, for a breakout with volume, a good trade might be looming.
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