
This pattern can be interpreted as consolidation of potential by dynamic buyers with the purpose of possible overcoming the resistance and reaching new tops.
A symmetrical triangle has been forming for several months as well.
The price is in consolidation and on the background of bitcoin correction the price may form a decline to the support of the pattern.
MA-200 clearly outlines the ascending support of the bullish triangle, which only strengthens the essence of this formation.
In the medium term, the price may either make a false breakdown of the local support line or decline and retest the MA-200 and trend support.
The further target is growth with the aim of breaking through 2020 and strengthening to 2450.
Support levels: 1875, 1830, 1800
Resistance levels: 1938, 2000, 2020
I expect the correction to continue to the nearest support levels from which a reversal and resistance retest may follow.
Regards R. Linda!
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(don't copy, click on the links!)
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🧿 Web: rlinda.com
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.