WallStreetFox

Bitcoin - ascending triangle is formed on 15M

Largo
WallStreetFox Actualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Based on the formation of the triangle it is plausible to expect the price to go to its resistance level in light red colour. The height of triangle's formation also supports the distance of the price action. Also, the last 3 candles including the one today on 12H show a local trend reversal, which also support current Long.

Once the price reaches the green rectangle area around 59200 USD, it will be at the top of its ascending wedge beteeen two green lines. Therefore, a drop to a local support line in pink colour would be expected.
Orden cancelada:
The price did not break the resistance line and bounced off it.

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