BTC is forming a triangle. In case we break resistance trend we should expect a move to $7500. If we break support we should expect more downwards movement with $6400 as first support.
The area with a circle is the retest and rejection of previous resistance of the falling wedge on the daily timeframe.
Because we broke the falling wedge on the daily and successfully retested it, it's more likely we break in the upside and reach $7500.
Good luck to all!
The area with a circle is the retest and rejection of previous resistance of the falling wedge on the daily timeframe.
Because we broke the falling wedge on the daily and successfully retested it, it's more likely we break in the upside and reach $7500.
Good luck to all!
Trade closed: target reached:
A candle to remember..