BTCUSDT "Ascending Triangle" Breakout
The above chart of BTCUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BTCUSDT is in the range of Rs 19000. If the pattern continues, the price of BTCUSDT might reach the resistance levels of Rs 20000$. If the trend reverses, then the price of BTCUSDT may fall to Rs 18800$
Trading Level ✅
Entry Point - 19300$
Stop Loss - 18800$ (Previous Swing Low)
Target - 20000-20430$
Happy Trading
The above chart of BTCUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, BTCUSDT is in the range of Rs 19000. If the pattern continues, the price of BTCUSDT might reach the resistance levels of Rs 20000$. If the trend reverses, then the price of BTCUSDT may fall to Rs 18800$
Trading Level ✅
Entry Point - 19300$
Stop Loss - 18800$ (Previous Swing Low)
Target - 20000-20430$
Happy Trading
