Greetings. Please leave a Like if you like the idea
We have a new variation of descending channel.
Despite we are sitting on 7800$ horizontal support we lost the support trendline and the mid line of descending channel, which might bring bad consequences.
Only fixation above our lost support trendline will save the situation.
We should wait for either price breaks the 7800$ then go short. Or wait for the price to close back above support trendline to consider long
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
We have a new variation of descending channel.
Despite we are sitting on 7800$ horizontal support we lost the support trendline and the mid line of descending channel, which might bring bad consequences.
Only fixation above our lost support trendline will save the situation.
We should wait for either price breaks the 7800$ then go short. Or wait for the price to close back above support trendline to consider long
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice