#Bitcoin has broken below the cloud and currently trading below TS(Conversion-line) & KS(Base-line) in 1D time-frame.
Currently #btc is facing trendline resistance around 7400-7500 region and is expected to test lower support levels at 7200- 78.6fib level and then the 6600-6800 region i.e the 88.6fib level
We can expect a breakout of the bullish falling wedge, around the strong support region 6600-6800, if the support holds, to:
Target higher fib levels, TS and the cloud providing resistances around 8000-8200 region.
RSI is currently at 36, support at 30 level
MACD is upticking.
Stoch RSI is showing oversold levels with Divergence
Currently #btc is facing trendline resistance around 7400-7500 region and is expected to test lower support levels at 7200- 78.6fib level and then the 6600-6800 region i.e the 88.6fib level
We can expect a breakout of the bullish falling wedge, around the strong support region 6600-6800, if the support holds, to:
Target higher fib levels, TS and the cloud providing resistances around 8000-8200 region.
RSI is currently at 36, support at 30 level
MACD is upticking.
Stoch RSI is showing oversold levels with Divergence