BitcoinLong
Possible breakout ascending channel
Following preceding pattern of a higher breakout in an ascending channel and following the bottom of a larger symmetrical triangle.
P&L 3:1
Support 3500
Stop Loss 3450
Target 4000
Resistance 3900 - 4100.
RSI is in the mid range so could go both ways but based on support and where price is based on channel, upside seems more likely even down the overall larger trend is down.
P&L 3:1
Support 3500
Stop Loss 3450
Target 4000
Resistance 3900 - 4100.
RSI is in the mid range so could go both ways but based on support and where price is based on channel, upside seems more likely even down the overall larger trend is down.
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.