Get started
Chibuike_Odoh

BTCSTUSDT (BTCST) - POTENTIAL BUY ENTRY

Long
Chibuike_Odoh  
BINANCE:BTCSTUSDT   None
Trend Analysis Chart Patterns btcst BTCSTUSD BTCSTUSDT BTCSTBTC Cryptocurrency crypto
4
1
trendanalysis chartpattern btcst btcstusd btcstusdt btcstbtc cryptocurrency crypto
ANALYSIS 🔎
- BTCST is supported by the ascending trendline support (ATS).
- The markets retracement was resisted by the descending trendline resistance (DTR-1).
- Price tested the ascending trendline support (ATS) and brokeout above the descending trendline resistance (DTR-1).
- Price then retraced for a retest of the descending trendline resistance (DTR-1) and 0.618 fibonacci retracement level.
- The pullback is resisted by the descending trendline resistance (DTR-2).
- A breakout above the the descending trendline resistance (DTR-2) could be a bullish signal.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).

TARGETS 🎯
- Horizontal resistance levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.