BTCUSD price was maintaining within a minor descending parallel channel which currently could be breaking out into an already established Ascending Parallel Channel.
Just sharing for your info. It all depends if this 3rd new ascending parallel channel is indeed part of a 3-way ascending parallel channel. Remains to be seen.
Note
It happened before just recently. Definitely worth a watch.
Note
Just wanted to add that if you observe the last time the breakout happened, after the breakout there was a pullback and only then did the bullish breakout playout. Just wanted to share that. Good luck!
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.