dalmazio

Bitcoin Upward Rectangle Continuation Pattern

Long
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Rectangle continuation pattern on 1h candlesticks. After bouncing between rectangle support and resistance, uptrending price prior to rectangle suggests upward continuation to possible resistance around $4334. If breakout occurs at this level, likely to test ATH near $4500.
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.