BTCUSDT parallel channel and triangle
#BTCUSDT
price is trading inside an ascending parallel channel.
now $BTC is facing a strong resistance that include the middle line of parallel channel, middle line of triangle (red line) and a long term ascending resistance (purple line).
RSI is above HMA that is a bullish signal but HMA is going down that is reverse.
If #BTC price close above middle line, it will go up to $39k that is upper line of parallel channel.
price is trading inside an ascending parallel channel.
now $BTC is facing a strong resistance that include the middle line of parallel channel, middle line of triangle (red line) and a long term ascending resistance (purple line).
RSI is above HMA that is a bullish signal but HMA is going down that is reverse.
If #BTC price close above middle line, it will go up to $39k that is upper line of parallel channel.