BTCUSD Daily Pennant Pattern Pending Breakout
Highlights:
- Price on daily chart formed the pennant pattern
- Momentum is strengthening indicates a bullish bias
- Wait for price to breakout for a trade setup
- Be aware of the Support & Resistance level after the breakout
Market Trend:
- Consolidating in the pennant pattern
Momentum:
Bullish momentum on Daily chart
Opinion:
- Long if price break to the upside and Short if price break to the downside
- When the price breaking out of the pennant pattern, it needs to get through the support/resistance for further movement
- Price on daily chart formed the pennant pattern
- Momentum is strengthening indicates a bullish bias
- Wait for price to breakout for a trade setup
- Be aware of the Support & Resistance level after the breakout
Market Trend:
- Consolidating in the pennant pattern
Momentum:
Bullish momentum on Daily chart
Opinion:
- Long if price break to the upside and Short if price break to the downside
- When the price breaking out of the pennant pattern, it needs to get through the support/resistance for further movement
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