cantestogo

Possible target for short term trading

Long
BITFINEX:BTCUSD   Bitcoin
Looking at low timeframes we are in the middle of a descending wedge, that is the retrace of previous high (444 erea). I'm looking for a possible breakout to the upside. There is also an information on OBV indicator, that suggests a bullish divergence. Both a measured move and previous trendlines on the downtrend phase are pointing to the 450-460 area as a possible target.
Good luck for your trading

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