Potential reaccumulation scenario for HTRUSDT. Macro structure (ascending triangle) broke down, but I do not necessarily see this as bearish.
It would appear that the price action may be following a classic wyckoff reaccumulation pattern. Price just completed a secondary test after a spring off previous ATH region and looks ready for a markup and "jump across the creek".
It would appear that the price action may be following a classic wyckoff reaccumulation pattern. Price just completed a secondary test after a spring off previous ATH region and looks ready for a markup and "jump across the creek".
Note
Looked good until May 5th, upon which the PA began to deviate and broke down through support. Onto the next one.
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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.