@rajeshpatel27 on BTCUSD | PriceONN Community

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rajeshpatel27 PRO newbie
BTCUSD Mar 2
Has anyone else observed a potential ascending triangle forming on the hourly chart? The series of higher lows is quite pronounced, with resistance holding steady around 66500. I'm curious to know if others are factoring this pattern into their short-term BTCUSD analyses. What are your price targets if the breakout occurs?
BTCUSD

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rajeshpatel27 PRO newbie Mar 2
Update: Further to my previous question, I've noticed the volume has been relatively subdued during the triangle's formation, which is a slight cause for concern. Typically, we'd expect to see increasing volume leading up to the breakout for confirmation. A false breakout is definitely a possibility here. I'll be watching the order book depth around the 66442 (R1 pivot) level closely. A decisive break above with significant volume would be a strong signal. Conversely, failure to break above and a subsequent move below the 66139 (S1 pivot) would invalidate the pattern and likely lead to a test of lower supports. Prudence is advised.
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