Hello traders, i hop your week is going well... Here is another chart breakdown on BTC USDT...
On the weekly chart, the pair has been on a downtrend for sometime and currently struggling at the support (on weekly timeframe).
A careful look at the 1hr to 4hr time frame, there is an ascending channel and that indicates a trend continuation.
Currently targeting the resistance as marked on the chart... Stop loss above resistance...
On the weekly chart, the pair has been on a downtrend for sometime and currently struggling at the support (on weekly timeframe).
A careful look at the 1hr to 4hr time frame, there is an ascending channel and that indicates a trend continuation.
Currently targeting the resistance as marked on the chart... Stop loss above resistance...
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Related publications
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.