BRD ascdending channel

BRD is moving in an ascending parallel channel. Middle line forms SR line as well. In case price breaks above it (approximately 555 with next step at 585) it will go towards upper border and should get to ~610-630. There and all the way to 680 will be major resistance. Price may get stuck in this channel and bounce for a while giving profits to swing traders. After it breakout from 680 it will go to 730. From where we are now, it is ~30% profit.

Overall, it is a good coin for trading. Volume got low since last spike and new flow should be expected.

Not a financial advice. For educational purposes only.

Comment:

Price is falling towards 530-535 support. Either bounce or sell in loss.

Trade closed: stop reached:

BTC done it again. SL reached. Trade closed.