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BTC/USDT 1D. Falling wedge.
Bitcoin
BTC/USDT 1D. Falling wedge.
By TradingTsar
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Feb 24, 2022
5
Feb 24, 2022
On 1D chart of BTC/USD pair we can see the falling wedge.
We broke out of this falling wedge and now testing it's upper edge from upside down.
Most likely this breakout was fake.
Our nearest objectives are the lower edge of the falling wedge, the same place the lower edge of the ascending channel is taking place.
The next support is sitting at EMA200, considering the false breakout it's about 25500$.
Ascending Channel
Beyond Technical Analysis
Bitcoin (Cryptocurrency)
BTC
BTCUSD
Chart Patterns
Exponential Moving Average (EMA)
Falling Wedge
Support and Resistance
Trend Analysis
Wedge
Weekly Charts
TradingTsar
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BTC/USD 1W. Ascending channel.
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