Descending channel - Breakdown prediction BTC & ETH
A big move is on its way, by looking at the price action I have noticed it has respected this descending channel upper line resistance serveral times. Also mid line is accepted as a support.
Given the angle of the channel, it is more likely for it to break downwards, to 12-14k.
Also seeing a rising wedge on Eth on 4h time frame, ETH could be going to 800 levels.
Based on the risk/reward ratio its an interresting trade to make at this point.
You decide! good luck
Given the angle of the channel, it is more likely for it to break downwards, to 12-14k.
Also seeing a rising wedge on Eth on 4h time frame, ETH could be going to 800 levels.
Based on the risk/reward ratio its an interresting trade to make at this point.
You decide! good luck