BTCUSD in ascending channel soon breakout and start of falling ?

31 במרץ 2021

As we can see we expect breaking this sharp ascending channel and some rest here like red paths that shown but the market is strongly bullish after breaking purple trendline and retest that completed (shown on red cycle) and we can expect even new all time high once again and target would be at least 55200 in bullish scenario but as we talked about we are definitely looking for bearish scenario right now more than every thing and targets are
Targets :
A. 56400
B. 54400

we have same scenario on Ethereum too and this channel formed sooner on ETH and now both ETH and BTC are near strong resistance too and some rest is expected and we would defiantly consider the current market power too as shown on chart with green path .

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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