If we analyse current year daily chart, we can see that we are still in bull market, which is unclear to many people. Recession in the beginning of September was very quick and price bounced up and undo half of loss. Uptrend line connecting March, when this drift started, and July is still not broken. The main character of this chart is Ichimoku Cloud. This year...
RCNBTC recently broke out of downtrend and is now trying to establish clear resumption from recent falls. Stochastic RSI near 25. RSI in grow move. Price one more time uses MA 25 as trend line support. First target 700 sat, next 830 sat. Be careful when price drops down below 570! Moving on 600 sat should be a confirmation of resumption.
BTCUSD will test support around 10100 USD and if this breaks, then DOGE is on a great way to skyrocket, while BTCUSD recess to even 6k Targets 0.0000060 0.0000080 0.0000110
BTCUSD will test support around 10100 USD and if this breaks, then DOGE is on a great way to skyrocket, while BTCUSD recess to even 6k
If this pattern will be broken, there is a chance for further growth.
Breaking Triangle may be continued by further growths.
In long term, for me it does not look ass it is the time for setting new limits, but, if this green trend line would be penetrated, we are going to test All Ttime High. I would be rather pessimistic on that pair, but how knows?
Low Stochastic, RSI climbing up. Formed ascending triangle pattern. Near resistance line.