BTCUSDT POSSIBLE BULLISH REVERSAL

BTCUSDT was trading inside a falling wedge with a low volume until the breakout of the upper trendline with high volume which signals a bullish reversal. We wait for the trendline and the 2/1 GANN RAY retest and the continuation of up momentum with high volume to confirm bullish reversal .

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Comment:

Possible quick update on BTCUSDT, price was trading in a range for the past months and now it broke down below the 8/1 GANN RAY . If price breaks 28860 low , the next support is 28189 level or the 4/1 ray.

If the 4/1 ray fails then the price will have a high probability to dip lower to 26886 and possibly 26321 inside the green area.

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Trade closed: target reached