BTCUSDT above support + wedge pattern, wait for a breakout
BTCUSDT
price is currently above support/resistance structure and price is support by ascending trendline, and price is forming a wedge like structure, if price continues to hold above the support structure, I expect the price to move higher towards next resistance.
In case, If price breaks and close below the ascending trendline and support structure, then the bias will turn from bullish to bearish.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
price is currently above support/resistance structure and price is support by ascending trendline, and price is forming a wedge like structure, if price continues to hold above the support structure, I expect the price to move higher towards next resistance.
In case, If price breaks and close below the ascending trendline and support structure, then the bias will turn from bullish to bearish.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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