Cabana Capitals Blog Technical Analysis BTCUSD breakout through support

BTCUSD breakout through support

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BTCUSD has broken through a support line of a Rising Wedge and suggests a possible movement to 64858.2079 within the next 4 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 12 days.

Supported by Downward sloping Moving Average

Target: 64858.2079 Entry: 67021.4172 Stop: 67468.45

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