Broke upward trend line and fallen out of the triangle.

Updated

We have officially fallen below the upward trend line and out the triangle, stopping right at the 50% Fibonacci retrace, which was to be expected. From here, there is not much left for support. We could bounce and come back into the channel, but a re-test of ~23.75 is more likely, and subsequently a re-test of the 38.2% Fib if support cannot be found there.

Thanks for viewing my charts!

Note

Looks like we were able to bounce back into the channel for now.

BTCanadian

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