BTCUSDTPER analysis
Time frame 1H
In this time frame, after falling with a high momentum from the range of $ 42,500 to the support range of $ 39,200, the price chart has entered its correction phase. If you cross the neckline of this pattern, ie the resistance range of $ 40 ,500 with a valid candlestick , the bullish scenario will be activated and we will expect to climb to the following ranges:
TP1: 40900
TP2: 41300
TP3: 42000
Also, if the neckline of this pattern resists and the price returns and crosses the support level of $ 39900 with a valid candlestick , a bearish scenario will be activated and we will expect the price to fall to the following ranges:
TP1: 39300
TP2: 38600
TP3: 37900

GOOD LUCK
DAAN