Hi all,
BTCUSDT seems to be at an important support area.
But also a nice falling wedge is forming. I have 2 scenarios.
1. PRice will touch the purple boundary of the wedge and raise to the resistance(top purple line) and after it will exceed it.
2. Wedge will fail and price will touch to the "very strong support" zone. This zone is the area of two important fibonacci extension&expansion are of the latest impulses. But after all, i expect a reversal to the new highs.
This is not a financial advice, just educational notes.
BTCUSDT seems to be at an important support area.
But also a nice falling wedge is forming. I have 2 scenarios.
1. PRice will touch the purple boundary of the wedge and raise to the resistance(top purple line) and after it will exceed it.
2. Wedge will fail and price will touch to the "very strong support" zone. This zone is the area of two important fibonacci extension&expansion are of the latest impulses. But after all, i expect a reversal to the new highs.
This is not a financial advice, just educational notes.