ANALYSIS 🔎 - GOBTC is printing a falling wedge pattern. - This is a reversal pattern. - A bullish pattern to be precise. - Price is testing the falling wedge's resistance. - Price action is printing a symmetrical triangle pattern at the test zone. - There's a breakout potential.
BUY ENTRY ⬆️ - Breakout above the falling wedge's resistance and symmetrical triangle's inclined resistance (simultaneous breakout).
SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support. - This breakdown invalidation would probably lead to a test of the swing low support level. - Further breakdown will lead to the retest of falling wedge's support.