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angela_altair

BTCUSDT ready for breakout to the upside

Long
BTC / Tether PERPETUAL FUTURES (MEXC:BTCUSDT.P)  
angela_altair  
MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD BTCUSDT BTCUSDPERP btcusdtlong btcusdtidea btcusdttrade btcusdtanalysis
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trendanalysis chartpattern indicator btc btcusd btcusdt btcusdperp btcusdtlong btcusdtidea btcusdttrade btcusdtanalysis
The price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.

Idee correlate

angela_altair
BTCUSDT consolidating below daily resistance, likely to move up
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