PhilosophersStone

PERP USDT: 8Hr timeframe, end of correction?

BINANCE:PERPUSDT   PERP / TetherUS
8hr timeframe had an amazing run-up of 500% + since the start of Jul... In rising wedge since the start of Aug.
Now pulled back almost exactly to the measured move of break down from this wedge , and that is also the big support level which was tested multiple times in the first half of Aug...
If that support is lost, we could see a massive selloff, but also if it holds and BTC doesn't crash over our heads, we have a good chance to see some nice upside movement...
We could expect a golden cross on MACD and already got one on SRSI, RSI looks ok, but on a shorter timeframe it's already high, and maybe one more retest of that support level is possible before attempting break of this next resistance level ...
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