BTC/USDT is forming an ascending triangle. In 1-day time frame.
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
Always use stop loss. Wait for a breakout. Confirm with other indicators also :)
Comment your opinions below
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
Always use stop loss. Wait for a breakout. Confirm with other indicators also :)
Comment your opinions below