TWT USDT Bullish Potential: Breakout Confirmation Could Trigger Big Gains
TWT USDT is showing signs of bullish momentum after forming a double bottom and breaking out of a resistant trendline. Currently we’re seeing the formation of an inverse head and shoulders pattern just below the resistance zone—an interesting development that could hint at a bullish continuation.
If TWT USDT breaks out of the resistance zone in Blue and closes a candle above it, this would significantly increase the probability of a bullish move. Watch for that confirmation!
In the event of a fall, we would expect a bounce from the support zone yellow. However, to strengthen the bullish case, it would be better to wait for an I-CHoCH (Internal Change of Character) signaling a return to the bullish market structure. This would put the probability back in our favor.
A breakdown and candle closing below the support zone Yellow would invalidate our entire bullish outlook.
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