BELBTC
BELUSDT - Potential buy entry 🔼BELUSDT is printing an ascending triangle pattern on the 4H timeframe.
Price is testing the pattern's inclined support.
RSI is printing a bullish divergence signal.
Price action is printing a falling (bullish) flag pattern at the support.
Buy entry ⬆️ - breakout above the falling flag resistance + previous swing high.
Target 🎯 - Resistance levels
Setup invalidation ❌ - breakdown below the ascending triangle inclined support.
BEL/BTC (Failed Bullish Attempt)💎Technical Analysis Summary💎
BINANCE: BELBTC
-Previously, BEL broke above the descending channel pattern
-But unable to sustain this breakout and fell below its key support
-The Bears have taken control of this market again
-If the downside continues, the next potential support is located at 7000s sat area
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UNIBTC - Can we break major descending channel?After the break of two small channels and a growth of 30%, we have now entered a new level of price and we are faced with resistance of the main downtrend channel.
Facing the main channel while not corrected .. Is it capable of breaking the descending channel authoritatively? Or will it go to lower levels for a correction?
BELEBTC's Idea - long & short analyseHi Friends\
this W pattern could be happen for your long trades and also I showed resistances & supports lines for your short trades.
so the first strong step or Resistance line for our W pattern could be 0.00015104 and your strong Support line is 0.00012849 . so you can do long trade by W pattern but you have to get confirmation candles above 0.00014528 to be sure this is the right W pattern and also you can do short trades by these supports and resistances.
have a good trade