📊#BTC/USDT ANALYSIS
Bitcoin is consolidating within an ascending broadening wedge pattern and is currently trading just above the support trendline. Both the 50-day moving average and the Ichimoku Cloud are acting as resistance barriers above the current price action. 🔵☁️
A breakdown below the wedge would likely trigger a market correction, while a breakout above the 50MA and the Ichimoku Cloud could signal a continuation of upward momentum. Monitor price action closely for confirmation of the next move.
Bitcoin is consolidating within an ascending broadening wedge pattern and is currently trading just above the support trendline. Both the 50-day moving average and the Ichimoku Cloud are acting as resistance barriers above the current price action. 🔵☁️
A breakdown below the wedge would likely trigger a market correction, while a breakout above the 50MA and the Ichimoku Cloud could signal a continuation of upward momentum. Monitor price action closely for confirmation of the next move.
#PHA bounced off the bottom of the Channel🧐
Looking for the rally to the top of the one📈
Just Keep It Simple!
☑️1TP Mid-Line - 0.1915$
☑️2TP Channel's Resistance - 0.4205$
Looking for the rally to the top of the one📈
Just Keep It Simple!
☑️1TP Mid-Line - 0.1915$
☑️2TP Channel's Resistance - 0.4205$
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