BTCUSD 11450 - 11800 ST
Long-term: (Out of frame) Ascending wedge with three bullish pennants forming.
Mid-term : Rising trendline of the bullish pennant held, likely retest coming.
Short-term: Descending wedge likely to break upwards after finding solid support on Rising trendline.
Mid-term : Rising trendline of the bullish pennant held, likely retest coming.
Short-term: Descending wedge likely to break upwards after finding solid support on Rising trendline.
Note
Short-term: Weak break out of the Descending wedge, might break inwards and form a pennant on the support line of the MT Bullish pennant, else bounce in the crossing.Bounce expected in the 11400 - 11450 area.
Closing target in the 11800 - 11850 area.
Note
Analyses : 0.7% Drawdown | R/R 4.6 | TP1 3.1% Profit | TP2 3.5% Profit | BLEND 3.2% Profit
MVPMC
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MVPMC
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.