BTT/USDT pair is forming a cup and handle on the 1D timeframe.
The pattern has been formed after a strong bullish trend as evident by the nice support of EMA 20 along with RSI resistance at 50
The volume is declining in the handle which again is in favor of pattern
The pair is likely to trade in handle for sometime before breaking out upwards.
Enter long position post breakout during the handle resistance re-test
Ensure that volume is in an up-trend before buying
The pattern has been formed after a strong bullish trend as evident by the nice support of EMA 20 along with RSI resistance at 50
The volume is declining in the handle which again is in favor of pattern
The pair is likely to trade in handle for sometime before breaking out upwards.
Enter long position post breakout during the handle resistance re-test
Ensure that volume is in an up-trend before buying
Trade closed: target reached:
Broke out