BTTUSDT has formed inverse head and shoulder pattern and price action is breaking neckline. As we know Head and shoulder is trend reversal pattern and here inverse head and shoulder is formed indicating bullish reversal .As seen on the chart price action is facing rejection at point 0.004527 which is the resistance point as well the breaking point of neckline.
After breakout of neckline at expected point of 00.4535 then retesting phase will start where price action will make its previous resistance its support and after the breakout of resting we will open our trade somewhere at point 0.004550.
After breakout of neckline at expected point of 00.4535 then retesting phase will start where price action will make its previous resistance its support and after the breakout of resting we will open our trade somewhere at point 0.004550.