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Chibuike_Odoh

BTCSTUSDT (BTCST) - POTENTIAL BUY ENTRY

Long
Chibuike_Odoh  
BINANCE:BTCSTUSDT   None
Trend Analysis Chart Patterns btcst BTCSTUSD BTCSTUSDT BTCSTBTC Cryptocurrency crypto
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trendanalysis chartpattern btcst btcstusd btcstusdt btcstbtc cryptocurrency crypto
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.
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