Hello traders 🐺 .
in the weekly chart we can see that price is inside of the very big ascending channel and now price is above the support trend line which is around the previous ATH , also it seems that price now is trying to break above the daily resistance trend line .
In the RSI wee have falling wedge pattern and now RSI is at the oversold territory and in my opinion when RSI close above this weekly falling wedge pattern we can expect more pump for the BTC .
let's talk about the daily chart :
In the daily chart we can see that now price is break above the yellow resistance trend line which in fact is a very bullish because we had a very big falling wedge pattern and usually when price break below or above the wedge and after the break out we see a false break out , it means that we could expect a fast move in the opposite direction .
the first resistance is around the 28.5 and 29k however we could have a wick above it all the way up to the 39k level .
in the weekly chart we can see that price is inside of the very big ascending channel and now price is above the support trend line which is around the previous ATH , also it seems that price now is trying to break above the daily resistance trend line .
In the RSI wee have falling wedge pattern and now RSI is at the oversold territory and in my opinion when RSI close above this weekly falling wedge pattern we can expect more pump for the BTC .
let's talk about the daily chart :
In the daily chart we can see that now price is break above the yellow resistance trend line which in fact is a very bullish because we had a very big falling wedge pattern and usually when price break below or above the wedge and after the break out we see a false break out , it means that we could expect a fast move in the opposite direction .
the first resistance is around the 28.5 and 29k however we could have a wick above it all the way up to the 39k level .