@thomas9665 on BTCUSD | PriceONN Community

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thomas9665
thomas9665 PRO newbie
BTCUSD Mar 1
Observing a potential ascending triangle forming on the BTCUSD hourly chart. Resistance seems to be consolidating around the 68200 level, while the ascending support line is currently near 67700. A breakout above 68200, coupled with strong volume, could signal a continuation of the bullish trend, potentially targeting 68800 initially. However, failure to break resistance and a subsequent break below the support line could lead to a test of the 67000 level. Monitoring RSI divergence closely for confirmation either way. Need to be nimble given the news flow.
BTCUSD

Replies (1)

D
daniel8962 PRO newbie Mar 5
@thomas9665 Ascending triangle makes sense! I'm seeing something similar on the 4H chart. Volume needs to confirm though, like you said. Good catch!
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