BTCUSD
Updated
BTCUSD
The price broke the downtrend and close over the old broken uptrend but its rebounded from the 50% Fibonacci level and the center line of the new up channel.
In my opinion it will test the 9000 level which will play a powerful support (the bottom of the up channel, the broken downtrend, broken resistance, moving average 50).
So the price can bounce from this level to go to the top of the old down channel.
The price broke the downtrend and close over the old broken uptrend but its rebounded from the 50% Fibonacci level and the center line of the new up channel.
In my opinion it will test the 9000 level which will play a powerful support (the bottom of the up channel, the broken downtrend, broken resistance, moving average 50).
So the price can bounce from this level to go to the top of the old down channel.
Note
The Price rebounded from the top of the down channel to test the old broken uptrend and its bounces from it.If the price passed the 50 moving average, it will broke the top of the down channel easily to 38% Fibonacci level at 12300.
If the price rebounded from the 50 moving average, it will back to test the 9370 level.
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