Category: Tether (USDT)

Bitcoin triangle breakout. Next target 17189 USDT?

We can observe a breakout on the 2nd of January form a descending triangle (even tough this pattern is usually a bearish sign). We expect an move upwards matching the height of the triangle.

At the moment the price moves in a falling wedge, due to the preceding uptrend we can interprete this as a bullish sign. This is confirmed by stoch also being in the bullish …

This article was originally published on: The Tether Blog on