Hash Ribbon Buy Signal + CHoCH Structure and Holding Equilibrium
💥 The Hash Ribbon indicator has flashed a buy signal for the first time in 8 months. On the chart, we see a clear CHoCH (Change of Character) and price holding above the Equilibrium level — adding confluence for a bullish setup.
Chart Highlights:
- Key support at 85,185 USDT (PDL zone).
- Parabolic SAR & EMA trendlines are confirming bullish bias.
- Resistance near 88,000–89,000 USDT could trigger short-term sell-offs.
Conclusion:
If
BTCUSDT.P holds above the PWH level, momentum may push it toward the 90K zone. Bulls still in control — for now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.