ChrisZDC

BTC bearish, descending triangle broke down (41k Target)

Short
ChrisZDC Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
Hello, as you can see on the 2 hr chart, the descending triangle is broke down. The potential target is 41k, and there is a support around 41.6k, so the target should be around the 41to 42k for the descending triangle. If u zoom in, there is also a ascending broadening wedge inside the descending triangle. The ascending broadening wedge is also bearish by itself. The potential target for the ascending broadending wedge is 44k. see below for the ascending broadening wedge for detail.
Comment:
Here is the ascending broadening wedge
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.