BTC/USDT after this current dip, is looking forward to consolidate between the range of 40K - 50K. But if it breaks the resistance of 50K then we might see it going towards another record level.
Let's see what happens. Whoever agrees or disagrees, kindly share your views in the comment box.
Chart Timeframe: 4H Binance: Ideas for future and spot trading. Sell short in future and buy more in the dip for the spot. A correction expected for BTC/USDT as per the descending triangle. Expected Prices are mentioned. RSI and MACD are favouring the prediction. Though MA50 is acting as the minor support, if it is broken then predicted prices according to the...
So the market is getting red (another correction) and Cardano is also being affected like any other altcoin. ( March is making it all unstable ) Anyways, the current situation over here is that ADA/USDT on the 4h chart is forming a descending triangle which will make it continue with the downtrend. Rectangle with the minor support and resistance is clarifying...
Another prediction for BTC/USDT as everything doesn't rely on the correction/dip on 7th March 2021. News can change the game. Let's see what happens next in the coming hours. I've linked the previous prediction of BTC/USDT in this post so you can compare both charts.
Forming an Ascending Triangle in a downtrend on 4H Chart. Just need to wait for the breakout and it might touch 0.05 and go on. Indicators like RSI , MACD , and Moving Average (50) are also favouring the prediction/analysis. Not financial advice, just sharing my thoughts related to TRXUSDT ( BINANCE SPOT TRADING ) .