The chart shows BTCUSD on the 1-hour timeframe trading within an **ascending channel**, indicating a bullish structure. Price is currently near the mid-upper zone of the channel around 104,456. A potential **short-term pullback** is projected toward the lower channel boundary (around 104,000–103,900 zone), possibly testing support and the EMA.
If the support holds, a bullish continuation** toward the upper boundary of the channel near 105,690 is expected. Break of structure (BOS) points and higher lows support the bullish bias, with the Ichimoku cloud also offering dynamic support.
here are potential take-profit (TP) levels for BTCUSD on the 1-hour timeframe:
TP1: 105,000 – Minor resistance within the channel.
TP2: 105,690 – Upper boundary of the ascending channel (main target).
TP3 (Extended): 106,000 – Psychological round number if momentum is strong and there's a breakout.
Make sure to monitor price action near the channel top for rejection or breakout confirmation.
If the support holds, a bullish continuation** toward the upper boundary of the channel near 105,690 is expected. Break of structure (BOS) points and higher lows support the bullish bias, with the Ichimoku cloud also offering dynamic support.
here are potential take-profit (TP) levels for BTCUSD on the 1-hour timeframe:
TP1: 105,000 – Minor resistance within the channel.
TP2: 105,690 – Upper boundary of the ascending channel (main target).
TP3 (Extended): 106,000 – Psychological round number if momentum is strong and there's a breakout.
Make sure to monitor price action near the channel top for rejection or breakout confirmation.
Trade closed: target reached
Congratulations all target achieved
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🟡 TELEGRAM CHANNEL:
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Free Signals With Technical Chart:
t.me/+JLFlD0eg3LFjNjU8
📞TELEGRAM ME
@t.me/daniel9145
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.