BTC Technical analysis 20-May 2020
Hello
We got an Ascending Channel at 1H Timeframe. Currently price was supported by the Mid Line of the formation and testing the 50 MA. If 50 MA will be broken then 9.800$ and 9.900$ Resistances can be retested. Also we might test the 10k$ (it's also the Higher Boundary of an Ascending Channel)
If the Mid Line support is lost then setup will be invalidated. And in this case we will be targeting for the Lower Boundary of an Ascending Channel
GoodLuck
We got an Ascending Channel at 1H Timeframe. Currently price was supported by the Mid Line of the formation and testing the 50 MA. If 50 MA will be broken then 9.800$ and 9.900$ Resistances can be retested. Also we might test the 10k$ (it's also the Higher Boundary of an Ascending Channel)
If the Mid Line support is lost then setup will be invalidated. And in this case we will be targeting for the Lower Boundary of an Ascending Channel
GoodLuck
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