Yello Paradisers! QTUMUSDT has broken out of a falling wedge pattern, increasing the probability of a bullish move. But, can we trust this breakout to lead us to significant gains?
đź’ŽFor confirmation, we need a breakout and candle closing above the resistance zone. This will increase the likelihood of a bullish move, potentially driving the price to the next resistance levels.
đź’ŽHowever, if we see a pullback, we might witness a potential triple bottom pattern forming from the support zone. For this to confirm, we need an I-CHoCH indicating a shift towards a bullish market structure.
đź’ŽBut beware, if there is a breakdown and candle closing below the support zone, our bullish outlook will be invalidated.
Stay vigilant, trade smart, and let's navigate these market moves together!
MyCryptoParadise
iFeel the success🌴