ANALYSIS 🔎
- BTCUSDT is printing an ascending triangle pattern bounded in the ascending channel.
- There's a possibility of a healthy correction
- A retest of the ascending channel support, ascending triangle support, horizontal support and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- A successful bounce off this retest zone could see the formation of the bullish inverse head and shoulders pattern.
- This is just a rough analysis.
- Bitcoin might have an immediate breakout.
- DYOR
- BTCUSDT is printing an ascending triangle pattern bounded in the ascending channel.
- There's a possibility of a healthy correction
- A retest of the ascending channel support, ascending triangle support, horizontal support and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- A successful bounce off this retest zone could see the formation of the bullish inverse head and shoulders pattern.
- This is just a rough analysis.
- Bitcoin might have an immediate breakout.
- DYOR
