BTC/USD 1 Hour Chart Ascending Triangle Break Out

Bitcoin / TetherUS BINANCE:BTCUSDT

DariusMoney

We have an ascending triangle breakout formation on the 1hour chart. It started on 1/26. I’m entering a breakout of the resistance line. with a target the length of the vertical triangle. Stop well below the most recent swing low. We have 2 touches of the 25 EMA on 1/1/22 then a breakout in the upside direction. Not as many confirmations as I would like to see, but the price action is showing short-term bullish .

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