BTCUSD | Ascending Channel

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Price is in Ascending Channel and currently testing the Mid Line support.

In case there is a confirmed retracement we can initiate a long position

If price goes to the Lower Boundary of an Ascending Channel we can also initiate a short position if there is a confirmed retracement.

Breakout of an Ascending Channel to downward and cross back into the Range will turn the price to be bearish

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.