BTCUSD touching strong resistance once again breakout or ...?

28 mar 2021

AS we can see and we talked about it we would expect breakout of Red trendline near price 58K and that would be valid breakout after retest and then bullish market like Green path , else market strong resistance is still valid and the pressure provided by Red trendline dump price to new targets and lower price as shown with red path .
Targets :
A. 54200
B. 52500
C. 49900

if breakout happen the long term targets or target would be like :

and we talked about this important descending channel that formed here .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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