This week’s coin is Bread. We are in a bearish trend from the day it reached an all time high of 0,00021 BTC in January 2018. It made an all time low on January 8 2021 and it seems like it’s picking momentum to the upside on the 4h timeframe. We have some resistance at the rectangular area on the chart but if we break that zone we should expect a correction and then reverse the whole bearish trend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.