BTCUSDT has broken out of the ascending triangle below with the price reaching a new ATH.
In the 90 min, the White Energy has crossed below the 50 level, whereas in the 3h, the White Energy has already exhausted and is starting to turn down. It could fall below the 50 level in a few more 3h candles.
When this happens, I would expect the price to fall slightly or trade within range until it tests the Upper White BB in the 3h timeframe as support (currently around 62k which is the breakout level). If the 62k breakout point is retested and manages to hold, this is a great sign, where BTCUSDT will have a very high chance of moving significantly and quickly to the upside.
Take note that there is still upward pressure present with the Green Line above the White Energy, so the price could continue to increase until the White Energy crosses below the 50 level in the 3h timeframe, where hopefully we will see a slight pullback and retest of the breakout.
In the 90 min, the White Energy has crossed below the 50 level, whereas in the 3h, the White Energy has already exhausted and is starting to turn down. It could fall below the 50 level in a few more 3h candles.
When this happens, I would expect the price to fall slightly or trade within range until it tests the Upper White BB in the 3h timeframe as support (currently around 62k which is the breakout level). If the 62k breakout point is retested and manages to hold, this is a great sign, where BTCUSDT will have a very high chance of moving significantly and quickly to the upside.
Take note that there is still upward pressure present with the Green Line above the White Energy, so the price could continue to increase until the White Energy crosses below the 50 level in the 3h timeframe, where hopefully we will see a slight pullback and retest of the breakout.