Cabana Capitals Blog Technical Analysis Will BTCUSD have enough momentum to break resistance?

Will BTCUSD have enough momentum to break resistance?

Will BTCUSD have enough momentum to break resistance? post thumbnail image

Emerging Rising Wedge detected on BTCUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 70071.92 and it is expected to move to 73571.3852.

Supported by Upward sloping Moving Average

Target: 73571.3852 Entry: 70071.92 Stop: 67480.7

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