Hello Fellow Bitcoin Investor/Trader, Here's a Technical outlook of BTCUSDT!
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BTCUSDT has broken out of the rising wedge pattern. The breakout accompanies by increasing volume which indicates a potential bearish bias ahead. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The roadmap will be invalid after reaching the target/ resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to buy or sell the cryptocurrency"
Good work.! If you draw the channel line from the body of the candle stick at the lows (not from the spike) you can actually see how the price tested the channel before breaking down.
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@herkuljee, Thank you for your comment and suggestion.