BTCUSD preparing itself for bearish break-out.
The price action is likely to break
the ascending trend line and support
@19660 before becoming bullish and
devouring the liquidity with an impulsive
bullish move towards price level
@21570.
Price rejection at
Key Level of Confluence
consisting of Resistance,
ascending Trend line and
long wick C/S.
Otherwise, price may drop
to and remain at Fib Levels
of 61.80% or 50.00% or 38.20%.
Chart Assessment proposes watch out for the imminent break-out into bearish trend.
P.S.This is an educational assessment and guess work and not trade recommendation.
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the ascending trend line and support
@19660 before becoming bullish and
devouring the liquidity with an impulsive
bullish move towards price level
@21570.
Price rejection at
Key Level of Confluence
consisting of Resistance,
ascending Trend line and
long wick C/S.
Otherwise, price may drop
to and remain at Fib Levels
of 61.80% or 50.00% or 38.20%.
Chart Assessment proposes watch out for the imminent break-out into bearish trend.
P.S.This is an educational assessment and guess work and not trade recommendation.
Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.
Trade attivo:
The price is bounced by the area indicated in the analysis.