Hello 🐋 based on the chart, the price is close to the descending channel resistance and resistance area and breakout of support to the downside happened 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡
range candlesticks to the upside and downside before any other sharp movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
TradingBrokersView
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Very accurate pattern. Keep up enriching our community.
TheCryptagon
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Thank you. Great job. Thumbs up!
InvestingScope
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Not the most common proposition based on the current market conditions. Generally, it is possible assuming all arguments work out, so thumbs up just for this!
KABHI_FOREX_TRADING
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perfect channel pattern to sell BTC now, i agree
linofx1
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Nice one
DeGRAM
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Thank you for sharing your analysis
YourLazyTrader
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Brilliant charts and analysis, keep up the good work :)