BTCUSD Possible Breakout From Minor Descending Channel

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.

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It happened before just recently. Definitely worth a watch.

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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!

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