BTCUSDT is consolidating in a symmetrical triangle pattern.
Price got rejected off the symmetrical triangle's inclined resistance and brokedown below the ascending trendline support.
Price is testing the fibonacci retracement levels and we could see a downtrend continuation to the symmetrical triangle's inclined support.
The pullback is supported by an ascending trendline.
Sell entry ⬇️ - breakdown below the ascending trendline support.
Targets 🎯 - previous swing low, symmetrical triangle's inclined support.
Setup invalidation ❌ - breakout above the descending trendline resistance.
Price got rejected off the symmetrical triangle's inclined resistance and brokedown below the ascending trendline support.
Price is testing the fibonacci retracement levels and we could see a downtrend continuation to the symmetrical triangle's inclined support.
The pullback is supported by an ascending trendline.
Sell entry ⬇️ - breakdown below the ascending trendline support.
Targets 🎯 - previous swing low, symmetrical triangle's inclined support.
Setup invalidation ❌ - breakout above the descending trendline resistance.