BTC Technical analysis 10-May 2020
Hello
As was mentioned yesterday if we lose the Mid Line support then we will retest the Lower Boundary of an Ascending Channel, which happened.
The Breakout of an Ascending Channel also the 9.300 Dollar Horizontal led us to the additional decline and to retest of 8800 Dollar Horizontal Support.
Currently we retraced of the 8.580 Dollar Horizontal Support which can lead to test of 9300 Horizontal Resistance also the Higher Boundary of an Ascending Channel.
Nevertheless if current Horizontal Support on 8.580 Dollar is lost then we continue falling.
As was mentioned yesterday if we lose the Mid Line support then we will retest the Lower Boundary of an Ascending Channel, which happened.
The Breakout of an Ascending Channel also the 9.300 Dollar Horizontal led us to the additional decline and to retest of 8800 Dollar Horizontal Support.
Currently we retraced of the 8.580 Dollar Horizontal Support which can lead to test of 9300 Horizontal Resistance also the Higher Boundary of an Ascending Channel.
Nevertheless if current Horizontal Support on 8.580 Dollar is lost then we continue falling.
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