BTCUSD preparing itself for bearish break-out.
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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.
Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.
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.
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The price is bounced by the area indicated in the analysis.
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