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Aki_0123
Sep 3, 2022 7:45 PM

BITUSD H1  

BitDAO / USDFTX

Description

After bottom pattern was completed on 8/23, has begun to go uptrend,
On 8/29.30, backtested support line, continue to valid

9/2 break above the resistance line of ascending channel
then pull back with increased volume
15m TF, MA9,12 entangled with each other and broke below MA144, 169

Current bias: consolidation between 0.615-0.630
Until it effectively breaks through the short-term resistance (0.635),
will continue to be bullish (H1 MA is still bullish, uptrend structure hasn't been broken)

If falls below 0.60,
it may be a potential reversal trend in short-term

Personal opinions do not represent any investment advice
Any suggestions and feedback are welcome
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