BITCOIN - Price can bounce up, thereby leaving pennant
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A few days ago price declined below of resistance level, but at once bounced up and made a fake breakout.
After this movement, Bitcoin fell to support level, which coincided with support area and also entered to rising channel.
In channel price reached resistance level again, and even rose higher to resistance line, but soon made downward impulse to support line.
Thereby price formed pennant pattern, in which Bitcoin continues to trade to this day.
In my mind, price can decline to support line and then rise to $30500 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A few days ago price declined below of resistance level, but at once bounced up and made a fake breakout.
After this movement, Bitcoin fell to support level, which coincided with support area and also entered to rising channel.
In channel price reached resistance level again, and even rose higher to resistance line, but soon made downward impulse to support line.
Thereby price formed pennant pattern, in which Bitcoin continues to trade to this day.
In my mind, price can decline to support line and then rise to $30500 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️