$BTCUSDT, Binance- Positive look but still risky
It is the 1D timeframe of the chart. We put the blue rectangle support base from the black candle. It is said that a black candle in an uptrend signifies a good or possible support. In our chart, it clearly shows that $BTCUSDT touch the support smoothly. It has a big chance of bouncing but we cannot remove the fact that it might still breakdown. Just be updated and always expect for the worst.
Comment if there's some wrong or improvements on my chart.
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Comment if there's some wrong or improvements on my chart.
If you're interested for a chart, message me through my twitter and I'll try my best to have its technical analysis
Twitter:@CryptoBot_Ej
Yes, it really broke down below the trendline. And it really touch our support on 7500 price. It bounces back but we're still looking if it is just a false breakdown at the end of the day