After the big rounding bottom created over many past weeks, the parallel channel was created to form us a Cup and Handle pattern.
This pattern has huge targets to achieve, if the breakout was created in a healthy movement and the retest was above 27500 we might see a big bullish movement to the zones of 48000$
Also we might see a dump if we close bellow the parallel channel (bellow 23750) we can see a big dump in the market
Disclaimer : These are expectations for the upcoming week, don’t take it as a financial advice.
