BTCUSD new trendline and resistance formed , more correction ?
Updated
As we can see price break ascending channel that was expected and now is retesting the breakout and more fall is expected after this :
now here we can see that new falling trendline formed and this is strong resistance ahead and 20MA broke and now is retesting that breakout too and after retesting breakout of 20MA again bearish market will lead and targets that marked is expected :
Targets:
A. 59200
B. 56800
Notice: if red trendlines break we may have continuation of rise and again bullish market is expected and targets that shown with green paths .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
now here we can see that new falling trendline formed and this is strong resistance ahead and 20MA broke and now is retesting that breakout too and after retesting breakout of 20MA again bearish market will lead and targets that marked is expected :
Targets:
A. 59200
B. 56800
Notice: if red trendlines break we may have continuation of rise and again bullish market is expected and targets that shown with green paths .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Trade closed: target reached
first target reachedTrade closed: target reached
all targets reached more fall is expected ?where is next support zone ?
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