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Trias / Tether
Long

Trias

By Ukuria
Updated
TRIASUSDT

Trias - Slight ascending triangle pattern with key supports and FibExt levels. VPVR
Comment
Expecting a pullback from $46500 BTC, negative perpetual funding has switched positive which will be apply some short term downwards sell pressure. BTC has also made its local Higher Highs and now needs to continue to make a another Lower High to continue the parabolic expansion. On chain metrics show BTC is extremely healthy and that price action is lagging. BTC now has an illiquid supply ratio of historically $57000 levels.

Trias should also follow this pullback.
Trend Analysis
Ukuria

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