analysis
BTC/USDT/PERPETUAL/BINANCE
15m time frame
In this time frame, the price chart has a downward trend line.
And also the price has been able to correct its drawn retracement level of 1.272 Fibonacci.
Batu Jhe is depicted in this time frame price in a geometric pattern
FALLING WEDGE
is moving, this pattern is a trend reversal pattern.
If the price can cross the ceiling of its pattern with a valid candle, the impulsive and kinetic scenario will be activated and we will expect the price to grow up to the levels of 1 and 0.886 Fibonacci retracement, respectively.
Price targets:
$16,674, $16,869, and $17,041
GOOD LUCK
BTC/USDT/PERPETUAL/BINANCE
15m time frame
In this time frame, the price chart has a downward trend line.
And also the price has been able to correct its drawn retracement level of 1.272 Fibonacci.
Batu Jhe is depicted in this time frame price in a geometric pattern
FALLING WEDGE
is moving, this pattern is a trend reversal pattern.
If the price can cross the ceiling of its pattern with a valid candle, the impulsive and kinetic scenario will be activated and we will expect the price to grow up to the levels of 1 and 0.886 Fibonacci retracement, respectively.
Price targets:
$16,674, $16,869, and $17,041
GOOD LUCK