analysis
BTC/USDT/PERPETUAL/BINANCE
Time frame: 15m
In this time frame, the price has a downward trend line and as you can see, the price has a BEARISH RECTANGLE geometric pattern.
Yes, this pattern is a trend continuation pattern.
If the price crosses the bottom of the pattern with a valid candle and stabilizes below the 1.272 Fibonacci retracement level, we will expect the correction scenario to be activated.
Price targets:
$16,745 and $16,655 and $16,568
GOOD LUCK
BTC/USDT/PERPETUAL/BINANCE
Time frame: 15m
In this time frame, the price has a downward trend line and as you can see, the price has a BEARISH RECTANGLE geometric pattern.
Yes, this pattern is a trend continuation pattern.
If the price crosses the bottom of the pattern with a valid candle and stabilizes below the 1.272 Fibonacci retracement level, we will expect the correction scenario to be activated.
Price targets:
$16,745 and $16,655 and $16,568
GOOD LUCK