-US30 broke out to the upside of the Ascending triangle
-We are looking for buy opportunities now that it has broken the bearish structure
-Currently maintaining a trendline support but I think we can still come down to
around 34554 where we see another level of support.
-That level of support is also a 38.2% retracement.
- Look to lower TF to spot the end...
Consolidation on US30 is beginning to form an Ascending Triangle on the H1 time frame. US30 is overall bearish on the H1 and H4 timeframes as it's still maintaining its downtrend structure.
I'm looking to see a breakout to the downside, however a reversal to the upside is not impossible here. Watch for a breakout in either direction and trade accordingly.
Potential BTC breakout in the next coming weeks. Strong bull bias as you can see clear seller exhaustion over the past several months and weekly support being respected nicely. Market has broken structure on the Daily time-frame with a ema/ma cross showing strong bullish momentum. Last thing I would like to see to complete my analysis is a ema/ma cross on the...
