XBTUSD is moving to higher levels following bullish sentiment of the market.
We have reached to an old but strong resistance at 11.700 level.
RSI is at overbought level so we can expect a correction to 10.500 levels.
If we broke upwards with high volume, we might expect a travel to 12.850 levels
Link is now at the lower line of the ascending channel.
RSI and MACD levels supports the ascending movement but it needs some volume to jump to the higher line of the channel. Without the volume the upward movement might be limited to 7k sat level.
But as Bitcoin is not stable, I dont anticipate but breaking down out of the channel is also possible and the next...
SCBTC is travelling in a downtrend channel.
After testing the trend line at 261 sat a few times, broke it and travelled quickly to down trend line of the channel.
Heavy oversold RSI and the trend line may give a push and we may expect a bounce to the now resistance at 261 sat.
If it broke the down trend line of the channel, next support is at 140 sat.
