Technical analysis by RLinda about Symbol BB: Buy recommendation (7/18/2024)

BBUSDT does not fall after the false breakdown, but goes into the phase of consolidation. Buyers are resisting. Retest of the key resistance may lead to a breakout and rally. Fundamentally active recovery is connected with bitcoin rally. The flagship is pulling the cryptocurrency market with it. Technically, the situation is developing in a bullish scenario. It is worth paying attention to the resistance at 0.48. On D1-H4, the market confirms the bullish market structure and is currently in the correction phase. If buyers continue market consolidation near the resistance and gradually start pushing towards 0.48 resistance, then in this case we should expect a breakdown, price consolidation above the level with further growth towards the mentioned targets. Resistance levels: 0.48, 0.575 Support levels: 0.45, 0.463 It is not excluded that sellers may hold the resistance, in this case the price may go down to 0.7-0.79 fibo before further growth. But, the focus at the moment is on the resistance 0.48, once it is broken, despite the specific scenario, only then the coin will start an active growth phase. Rate, share your opinion and questions, let's discuss what's going on with ★ BounceBit / Tether ;) Regards R. Linda!Trade active: The Bears have held off the area) Bitcoin correction was also reflected in BBTrade active: Consolidation continuesTrade active: