LegionQ8

Bitcoin can break resistance line of pennant and continue grow

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rebounded from the support line and started to rise to the resistance line, thereby breaking the 30000 resistance level, which coincides with the seller zone. After the price reached this line it bounced down and in a short time fell back to the support line, breaking the 30000 level again. Next BTC some time traded below and even later tried to rise back, but the price only reached the resistance level and then made a strong downward impulse until below the 25800 support level, thereby breaking resistance and support lines. Also, BTC entered to the pennant, where it soon bounced from the support line and rose higher of the 25800 support level. And now the price continues to trade inside the pennant close to the resistance line. Probably Bitcoin can break the resistance line, thereby exiting from pennatn, and then continue to rise. For this reason, I set up two targets, the first target at the 27500 and the second - at 28500 levels. Please share this idea with your friends and click Boost 🚀
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