if btc broke the triangle we will see Resistance area change to Support area indicators also confrim the rising trend
it is now oversold on the daily chart as well. I suspect a bounce off this support due to the RSI and current price action and a channel forming before taking on a newer high or newer low. Also, lots of the news surrounding Gold has been both positive and negative, leading me to predict with an edge that there is a new neutral channel in play.
Technical Analysis We are breaking a previously tested resistance at $230. To enter the new channel, we probably need to close above $235. OBV is at all time highs. RSI(10) @72, has been following setting lower lows and higher highs. Overbought can continue to be overbought. Check risk reward ratio in-chart. ** I would wait for a breakout to the...