BTCUSD Perpetual Contract

BTCUSD Rising Wedge 1H

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BTC is forming a potential rising wedge (Yellow lines) and if it plays out then the target would be $41500 approx.
Currently its facing resistance (Purple line of deseeding triangle).

Note

Price could not break through Purple line and it come down to test the support at the yellow rising line.

Note

Currently 20 EMA giving support

Note

Bears showing strength

Note

Price went through resistance (Purple line of triangle)

Trade fermée manuellement

Price getting support at 20 EMA therefore rising wedge channel get invalides.

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