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Tbtcshort

#T/USDT#T The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.01704. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 0.01716 First target: 0.01732 Second target: 0.01745 Third target: 0.01757
Long
by CryptoAnalystSignal
11
#tBTCUSD - Entering Consolidation. Drop Out to Previous Lows?theCrypster - We can see a clear level of resistance here, the descending trend line, after a fresh test & rejection off this level we're going to be entering an area of consolidation - for how long is the question! If the price was to drop out the lower edge of this consolidation zone, we could be seeing a drop down to previous levels at around 15 or 16k. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:TBTCUSDShort
by theCrypster
Updated
44

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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