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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.