BTCUSDT: Inverse head and Shoulder pattern!!
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Let's analyse BTCUSDT on Shorter Time frame:
BTCUSDT is exhibiting a potential bullish reversal, forming an inverse head and shoulders pattern. The price is currently supported by the 50-day and 100-day Moving Averages (MAs). A breakout from this pattern could lead to a price increase above $65,000.
However, if the inverse head and shoulders pattern fails to hold, the price may experience a decline to $61,500.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse BTCUSDT on Shorter Time frame:
BTCUSDT is exhibiting a potential bullish reversal, forming an inverse head and shoulders pattern. The price is currently supported by the 50-day and 100-day Moving Averages (MAs). A breakout from this pattern could lead to a price increase above $65,000.
However, if the inverse head and shoulders pattern fails to hold, the price may experience a decline to $61,500.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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