PERP / TetherUS

PERP descending triangle

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PERP in descending triangle, now above 200SMA and below 20SMA, also right above the support level. Expecting possible bounce up to open long trade. That position between 200 and 20SMA could be tricky for entry, price often bounces up and down from them before descision. SRSI RSI and MACD on 1hr chart look like it could go up. Could have a nice move, but you should be aware that it has a death cross printed on MACD 12hr chart, so this could be short-term trade or scalp trade only (if long). If this support is lost we could enter a short trade, breaking under 200SMA is usually a nice chance for short trade... GL traders... Needless to say that BTC could have an impact on this trade...

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