What happens in BTTUSDT ? ? ?
Hello
As shown in the chart.
First, we have a pillar, which is the yellow resistance, which I do not expect to reach, because we successfully broke the orange and green resistance on March 20, 2021, and I was one of the analysts who would benefit from this rise, but I did not sell until the hour.
After that, you will be our bullish pennant.
I want to explain to you what is the meaning of pennant from the original:
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
When Bullish pennant formed for us, it rose but was unable to break the violet resistance and formed the graph shown in N°2
*-N°2 :
which is Bearish pennant, which means a strong descent, which led to breaking the red resistance, which was very strong, and then breaking the green resistance with ease.
But he was not able to break the orange resistance, which formed us a slanted ascending resistance, and this is a positive thing, as he tried to test the red resistance twice, but failed and returned to the upward slanted resistance.
As for myself, I have not sold since April 1, 2021, but with this analysis I will repurchase because I notice a strong accumulation and an opportunity to buy. I hope that my analysis is clear and the explanation is clear. If you have any question, put it in the comment, and do not forget to support my channel and subscribe. Thank you ♥️
As shown in the chart.
First, we have a pillar, which is the yellow resistance, which I do not expect to reach, because we successfully broke the orange and green resistance on March 20, 2021, and I was one of the analysts who would benefit from this rise, but I did not sell until the hour.
After that, you will be our bullish pennant.
I want to explain to you what is the meaning of pennant from the original:
It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
- -N° 1 :
When Bullish pennant formed for us, it rose but was unable to break the violet resistance and formed the graph shown in N°2
*-N°2 :
which is Bearish pennant, which means a strong descent, which led to breaking the red resistance, which was very strong, and then breaking the green resistance with ease.
But he was not able to break the orange resistance, which formed us a slanted ascending resistance, and this is a positive thing, as he tried to test the red resistance twice, but failed and returned to the upward slanted resistance.
As for myself, I have not sold since April 1, 2021, but with this analysis I will repurchase because I notice a strong accumulation and an opportunity to buy. I hope that my analysis is clear and the explanation is clear. If you have any question, put it in the comment, and do not forget to support my channel and subscribe. Thank you ♥️
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