Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on BTCUSD

Either a rebound or a breakout imminent on BTCUSD

Either a rebound or a breakout imminent on BTCUSD post thumbnail image

A Channel Up pattern was identified on BTCUSD at 57492.31, creating an expectation that it may move to the support line at 55356.3018. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by RSI above 60

Target: 55356.3018 Entry: 57492.31 Stop: 59463.57

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