BRETTUSDT.P A Potential Bullish Setup!!
BRETTUSDT.P chart is showing a potentially bullish pattern on the daily timeframe, around the 61.8% Fibonacci retracement level and a long-term trendline originating from May 14, 2024.
BTCUSDT.P has been retesting the 200-day EMA for three consecutive days, indicating a zone of high interest.
Important Note: This analysis is based on a candle that has not yet closed. It’s crucial to wait for confirmation with a full daily candle close above the trendline and Fibonacci level before considering a trade and sometimes even wait for double retest.
This idea adds clarity that the analysis is anticipatory, giving traders a heads-up on a potential setup.
BTCUSDT.P has been retesting the 200-day EMA for three consecutive days, indicating a zone of high interest.
Important Note: This analysis is based on a candle that has not yet closed. It’s crucial to wait for confirmation with a full daily candle close above the trendline and Fibonacci level before considering a trade and sometimes even wait for double retest.
This idea adds clarity that the analysis is anticipatory, giving traders a heads-up on a potential setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.