nsanhaji121

BTC 4H chart analysis | Falling wedge

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Basically, a falling wedge has formed. The price is moving at the resistance level at 42.8k. If the price breaks out above this resistance level and above the falling wedge, bullish reversal is likely. In this case, look for an increase in volume to avoid a fake out.
Support can be found at 40k. If this support level is rejected, price will likely move down to the bottom of the falling wedge for one more wave. In this case, the next level of support can be found at the 37.5k region.

What do you think?
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.