BitcoinLong
BTC|USD - Testing the Horizontal Resistance
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On weekly chart we have crossed the mid ling of the descending channel and currently testing the horizontal resistance zone around 7800$
That can lead us to retest of the higher boundary of the descending channel. Btw we also have a variation of the broadening wedge which is additionally bullish.
Nevertheless let's wait for the breakout before to take any actions
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Not a Financial Advice
On weekly chart we have crossed the mid ling of the descending channel and currently testing the horizontal resistance zone around 7800$
That can lead us to retest of the higher boundary of the descending channel. Btw we also have a variation of the broadening wedge which is additionally bullish.
Nevertheless let's wait for the breakout before to take any actions
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
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