BTC now out of its descending wedge

Long

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)

BINANCE:BTCUSDT.P Bitcoin / TetherUS PERPETUAL CONTRACT

chartpattern trendanalysis priceactiontrading

After two weeks, BTC is now out of the wedge it had formed and its price target is 52959.98 on Binance. If you zoom out on daily timeframe, BTC has been above of it's 8 EMA. If it stays above today and tomorrow this might indicate that crypto market sentiment has now change.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.