BTCUSDT trend lookout
Updated
Trend has been locked in a descending pattern with occasional bounces, marked by the limit of the channel on top, and respeting the Fib levels, which will probably continue into the described pattern.
The MACD also suggests that the trend will probably be in a descending pattern due to the momentum it carries.
The MACD also suggests that the trend will probably be in a descending pattern due to the momentum it carries.
Note
The trend broke the expected descending channel, now becoming a support level for it and surprisingly going through two Fib levels. Meaning that the support levels are now placed between 2400 and 2200, and movement underneath the support is unlikely but if it goes throught it, then it will continue its descending trend.
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