BTC attempting to break up from symmetrical triangle

Close of the 4H candle will confirm a breakout. The measured move of the symmetrical triangle coincide with 4h 200ema. But the 2h 200ema (purple) has been the pertinent dynamic resistance since January, first acting as support and now strong resistance. It is my belief that price will test the top of the blue channel and fall through the ichi cloud twist.

MACD has crossed up and RSI above 50% which lends to an upward trust short term.

A straight down breakdown from the triangle is detrimental and will see price at sub 3K.

ความคิดเห็น:

target reached

ความคิดเห็น:

heading for symmetrical triangle target.