BitcoinShort
Bitcoin Finding Resistance on a channel line?
https://www.tradingview.com/x/2mKXiDZr/
Please find how price has been behaving relative to the three lines shown on the chart. If price fails to close above the middle line on which its is currently finding resistance, then there is a possible short, target being the lower line that previously send price packing back up. If we close above the current resistance, then the next line, which is our target, likely to cause trouble to the bulls, is the upper blue line. Hope this little helps.
Please find how price has been behaving relative to the three lines shown on the chart. If price fails to close above the middle line on which its is currently finding resistance, then there is a possible short, target being the lower line that previously send price packing back up. If we close above the current resistance, then the next line, which is our target, likely to cause trouble to the bulls, is the upper blue line. Hope this little helps.
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