XEMBTC- Descending Triangle
Updated
BINANCE:XEMBTC
After breaking the 1500 resistance price tested the 1660 resistance and has retraced to 0.618 fib level Fib level has been holding and a descending triangle has formed (4H Chart)
30 min Chart showing bullish rsi divergence We could see a potential breakout.
After breaking the 1500 resistance price tested the 1660 resistance and has retraced to 0.618 fib level Fib level has been holding and a descending triangle has formed (4H Chart)
30 min Chart showing bullish rsi divergence We could see a potential breakout.
Note
Price has broken out of the triangle
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