BTC will close the 12H candle below outside the pennant consolidation and the 21 EMA, indicating a potential breakout. Stochs, MACD, and RSI are pointing downward. RSI rejected from the bull control zone and into neutral zone. Target towards the 55EMA with confluence of measured move of the pennant.
Note
Target hit with a new lower low.
Note
Continuation towards 29k is in the cards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.