What could led to a reversal is now forming a bearish flag. The current bullish movement in BTC is et with resistance from the descending triangle. A break above could be very bullish.
The target for the breakdown - $6600
However, the pattern seems to be facing resistance. The RSI has also moved higher pruning for further break-down!
The target for the breakdown - $6600
However, the pattern seems to be facing resistance. The RSI has also moved higher pruning for further break-down!
Note
Okay! So it has broken above it. And now one complete candle above the break-out should do the trick!
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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.