Pennant in 4h Chart

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If candle closes above U$19.500, the target is U$20.700.

U$18.650 can be tested before reach the target (symmetrical pennant formation).

I will wait for the pennant breakout before taking any position.

Cheers.

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ملاحظة

1st strong resistance: U$19.450
2nd strong resistance: U$19.750

1st strong resistance: U$18.300
2nd strong resistance: ORANGE LINE (uptrend support)

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ملاحظة

The 2nd target is: U$22.400

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ملاحظة

english error typo, sorry.

*** 1st strong SUPPORT***: U$18.300
*** 2nd strong SUPORT**: ORANGE LINE (uptrend support)

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ملاحظة

BTC touched the first strong support and second strong support.
If daily candle closes above the 2nd strong support (ORANGE LINE), bitcoin can continue this uptrend.

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ملاحظة

If BTC closes BELOW the 2nd strong support (ORANGE LINE), bitcoin can go to U$15.500 - U$16.000 level.
The STRONGEST support is at U$15.800 level (uptrend support).
Daily close BELOW U$15.800, can put BTC to U$12.000 level..

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