MyCryptoParadise_Nathan

TWT/USDT Break out the descending pattern or get rejected ??

BINANCE:TWTUSDT   TWT / TetherUS
πŸ’Ž TWT is currently in the spotlight in the market, facing a critical resistance trendline within a descending channel pattern. For TWT to sustain its upward trajectory, breaking out of this pattern is essential.

πŸ’Ž Achieving a breakout could pave the way for TWT, easing its path towards reaching our targeted area.

πŸ’Ž However, should TWT fail to surpass the resistance trendline of the descending channel soon, it might be compelled to revert to the demand zone to gather new momentum.

πŸ’Ž A key factor to observe is TWT's performance in the demand area. If it fails to show a robust rebound and only consolidates, this might indicate a loss of demand strength. In such a scenario, TWT could shift towards a bearish trend, potentially leading to a further descent.

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