fxstreet.com 17 Feb, 2021 13:45 am

BTC/USD, XAU/USD, EUR/USD

BTC/USD, XAU/USD, EUR/USD
BTC/USD is trading at 49927.00; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that

The markets could indicate that the price may test the cloud’s upside border at 47405.Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border.However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1815.Another signal in favor of a further uptrend will be a rebound from the descending channel’s upside border.

Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border.However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 42305.

Read full story at fxstreet.com