BTCUSD on the Daily chart.
BTCUSD has been trading within a ascending triangle (yellow) for some time now.
Will the trendline (yellow) hold as support or will it break?
If BTC holds support (around 18.800USD), than maybe buyers might step in and take price higher.
If that happens the targets I'm looking for are 26.000 USD and 27.700 USD (the 1.272 Fib).
Looking at the RSI, price is approaching the 35.00 level. That has proven to be acting as support.
The RSI is also touching the trendline I drew on there. (I made a bit thicker, just in case...;) )
Let's see what happens!
BTCUSD has been trading within a ascending triangle (yellow) for some time now.
Will the trendline (yellow) hold as support or will it break?
If BTC holds support (around 18.800USD), than maybe buyers might step in and take price higher.
If that happens the targets I'm looking for are 26.000 USD and 27.700 USD (the 1.272 Fib).
Looking at the RSI, price is approaching the 35.00 level. That has proven to be acting as support.
The RSI is also touching the trendline I drew on there. (I made a bit thicker, just in case...;) )
Let's see what happens!