BTCUSDTPERP analysis
15M time frame
In this time frame, we see the Rising Wedge pattern. This pattern is a technical pattern that continues the trend.
If the pattern floor breaks and the price crosses the support level of $ 29,700 with a valid candlestick, the downtrend scenario will continue and we will expect the price to drop to the following target point:
tp1: 29500
tp2: 29400
tp3: 29300
Also, in case the pattern ceiling breaks and the price crosses the resistance level of $ 29900, a short-term bullish scenario will be activated with a valid candlestick, and we will expect the following target point:
tp1: 30150
tp2: 30300
tp3: 30600
GOOD LUCK
DAAN
15M time frame
In this time frame, we see the Rising Wedge pattern. This pattern is a technical pattern that continues the trend.
If the pattern floor breaks and the price crosses the support level of $ 29,700 with a valid candlestick, the downtrend scenario will continue and we will expect the price to drop to the following target point:
tp1: 29500
tp2: 29400
tp3: 29300
Also, in case the pattern ceiling breaks and the price crosses the resistance level of $ 29900, a short-term bullish scenario will be activated with a valid candlestick, and we will expect the following target point:
tp1: 30150
tp2: 30300
tp3: 30600
GOOD LUCK
DAAN
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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.