BTCUSD Almost out of downward trending channel!
已更新
I've been watching BTCUSD closely since January ever since it entered this downward trending channel. Now it looks like we are almost out of it.
Questions:
1. Will it close above this channel and continue upwards?
2. There are a number of resistance areas once it breaks out of this channel.
- It is currently at $8523 and RSI of 59
- Next major resistance at $9000, ~$11000, ~$12700, ~$14200, ~$15200, $17200, $20000
3. How long do we keep going up? Are we going sideways and accumulating for a bit?
4. If we don't break out of the channel, support areas at $~7800 and ~$6800 should be looked at.
Questions:
1. Will it close above this channel and continue upwards?
2. There are a number of resistance areas once it breaks out of this channel.
- It is currently at $8523 and RSI of 59
- Next major resistance at $9000, ~$11000, ~$12700, ~$14200, ~$15200, $17200, $20000
3. How long do we keep going up? Are we going sideways and accumulating for a bit?
4. If we don't break out of the channel, support areas at $~7800 and ~$6800 should be looked at.
注释
1. Previous chart was log. When I turn log off, BTCUSD had in fact broken out of the downward trending channel on April 12th. Using linear from now on as I feel it's more accurate.2. We've currently stalled right at 9200 support!
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