BTCSTUSDT (BTCST) - POTENTIAL BUY ENTRY
ANALYSIS 🔎
- BTCST is supported by the ascending trendline support (ATS).
- The markets retracement was resisted by the descending trendline resistance (DTR-1).
- Price tested the ascending trendline support (ATS) and brokeout above the descending trendline resistance (DTR-1).
- Price then retraced for a retest of the descending trendline resistance (DTR-1) and 0.618 fibonacci retracement level.
- The pullback is resisted by the descending trendline resistance (DTR-2).
- A breakout above the the descending trendline resistance (DTR-2) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
TARGETS 🎯
- Horizontal resistance levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
- BTCST is supported by the ascending trendline support (ATS).
- The markets retracement was resisted by the descending trendline resistance (DTR-1).
- Price tested the ascending trendline support (ATS) and brokeout above the descending trendline resistance (DTR-1).
- Price then retraced for a retest of the descending trendline resistance (DTR-1) and 0.618 fibonacci retracement level.
- The pullback is resisted by the descending trendline resistance (DTR-2).
- A breakout above the the descending trendline resistance (DTR-2) could be a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
TARGETS 🎯
- Horizontal resistance levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
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