BTCUSD: Descending Triangle On 4hr Chart To Look Out For?
Diupdate
VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the Weekly descending triangle.
Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias.
The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
Nonetheless, a 4hr close below $9020 would be bearish with a Daily close below the 200 Day MA required to confirm bearish bias.
The descending triangle pattern will enter the breakout zone after 75% completion on November 5th 20:00 GMT.
Catatan
Here is the view of the VPVR on the Daily chart, supporting the target of $8250.Order dibatalkan
Pattern invalidated after breakout to the upside. Notably the following candle wicked down to VPVR support, now trying to turn resistance trend-line into support.Catatan
Support turned resistance though.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.