The BTC/USD 4-hour chart shows a clear breakout above a descending trendline that has acted as resistance since mid-May. After multiple rejections, the price has now broken above the structure, signaling bullish momentum. The Ichimoku cloud confirms support underneath, providing confluence for a potential rally. The bullish breakout is also accompanied by increasing volume and a bullish engulfing pattern near the breakout zone, which adds confirmation. Price is currently consolidating just above the breakout area, suggesting a retest may be forming before further upside continuation. If momentum sustains, higher levels could soon be tested in the coming sessions.
Entry: 109,400
1st Target: 110,000
2nd Target: 111,870
Entry: 109,400
1st Target: 110,000
2nd Target: 111,870
Trade active
Trade active in buy
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.