Category: Tether (USDT)

Possible Rising Wedge BTC/USDT

BTC been on quite the run latley, however momentum on the MACD has leveled out on the 4hr chart and a Rising Wedge pattern is forming. Both bearish signals. If the Rising Wedge holds true we will see a drop to the $4290 Support and if that fails, then a test of $4100. Good news is BTC is still bullish, riding above the 50SMA on the 4hr however we should expect …

This article was originally published on: The Tether Blog on