BTCUSDT "Ascending Triangle"

BTCUSDT "Ascending Triangle"


The above chart of BTCUSDT laid out an Ascending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.

Currently, BTCUSDT is in the range of Rs 19,400$. If the pattern continues, the price of BTCUSDT might reach the resistance levels of Rs 20,500$. If the trend reverses, then the price of BTCUSDT may fall to Rs 18800$

Trading Level ✅

Entry Point - 19400$

Stop Loss - 18800$ (Previous Swing Low)

Target - 20500$


Happy Trading
Technical IndicatorsTrend AnalysisWave Analysis

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