BTCUSDT - as long as price is in asc. channel,it will be bullish
BTCUSDT
price is following an ascending channel and channel's lower trendlines are acting as strong support for the price, due to yesterday's strong down move the price is close to critical support area, as long as price is in the ascending channel and above support structure the bias will be bullish, previously the channel's lower trendlines triggered a strong bullish move twice we can expect the same if price holds above the support.
In case, if price breaks below the asc. channel and support structure, then the bias will turn from bullish to bearish.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
price is following an ascending channel and channel's lower trendlines are acting as strong support for the price, due to yesterday's strong down move the price is close to critical support area, as long as price is in the ascending channel and above support structure the bias will be bullish, previously the channel's lower trendlines triggered a strong bullish move twice we can expect the same if price holds above the support.
In case, if price breaks below the asc. channel and support structure, then the bias will turn from bullish to bearish.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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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.
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.