BTCUSD | Ascending Channel
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Price is in Ascending Channel and currently is going to the lower boundary of the one. In case there is a confirmed retracement of the lower boundary of an Ascending Channel, also the Ichi Cloud support zone we can initiate a long position.
Be ready for bearish scenario as well, as if we have a breakout of the lower boundary of an Ascending Channel + Ichi Cloud support zone we can take the leg down.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price is in Ascending Channel and currently is going to the lower boundary of the one. In case there is a confirmed retracement of the lower boundary of an Ascending Channel, also the Ichi Cloud support zone we can initiate a long position.
Be ready for bearish scenario as well, as if we have a breakout of the lower boundary of an Ascending Channel + Ichi Cloud support zone we can take the leg down.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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