Gundex

A great test of the channel

BITFINEX:BTCUSD   Bitcoin
After breakout from the channel, the price returned to it. We are seeing a beautiful bounce from the lower support line of the channel and there're two options:

1. We will breakout from the channel, test it and will reach marked by green line level;
2. We will bounce back from resistance of the channel, test middle line of the channel and test resistance again, with huge chances of breaking out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.