has been in an ascending channel
now for nearly 1 week. Support and resistance trendlines
are currently holding well. For a price breakout target it should be the height of the channel, so $8200 for a bull breakout $7200 for the bear. MACD
has had a bearish
cross on the 15 to 4hour timeframes, so looking more like a breakdown at the moment, but if going long here an entry at 7587 with stops at 7547 would be an okay entry if you're leaning bullish
for another test of the upper channel trendline. The upside for the bulls is that currently RSI
is going downwards towards oversold which may cause a bounce, and the Stoch RSI
is at the bottom which normally means a push upwards. Not financial advice. Happy trading everybody, lets make some money!