BTCUSDT got a resistance a few days from now which made the cryptocurrency market bearish, Cryptos like LUNAUSDT, ANCUSDT, GMTUSDT etc. Got a huge dump in their price. But today BTCUSDT got a support at 29730.
Let's talk about the price action on BTCUSDT. In daily chart of BTCUSDT descending triangle pattern is forming which is a neutral chart pattern. But mostly it push the price downwards. But we have to wait to confirmation of the breakout. BTCUSDT is moving upwards but I think it is not the correect time to doing Long or Short on BTCUSDT.
I think price at 36000 with a clear breakout is a good point for buying BTCUSDT.
Thank You for giving me your precious time. I hope my analysis would have helped you.
Let's talk about the price action on BTCUSDT. In daily chart of BTCUSDT descending triangle pattern is forming which is a neutral chart pattern. But mostly it push the price downwards. But we have to wait to confirmation of the breakout. BTCUSDT is moving upwards but I think it is not the correect time to doing Long or Short on BTCUSDT.
I think price at 36000 with a clear breakout is a good point for buying BTCUSDT.
Thank You for giving me your precious time. I hope my analysis would have helped you.
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