Possible Bullish Reversal.
Dear Traders,
I trust you're doing alright.
BTCUSD is trading within a rectangle range and has broken out of the bearish trendline. This is the first sign of a bearish exhaustion and a possible bullish reversal. However, the Price must break and trade above the static resistance level at 26500 to confirm the bullish trend.
On the other hand, a break below the support level at 25,500 would signify a bearish continuation.
Please what do you think about BTCUSD?
Kindly like and comment below.
I trust you're doing alright.
BTCUSD is trading within a rectangle range and has broken out of the bearish trendline. This is the first sign of a bearish exhaustion and a possible bullish reversal. However, the Price must break and trade above the static resistance level at 26500 to confirm the bullish trend.
On the other hand, a break below the support level at 25,500 would signify a bearish continuation.
Please what do you think about BTCUSD?
Kindly like and comment below.
Note
Wow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.