Cabana Capitals Blog Technical Analysis BTCUSD – Continuation Chart Pattern – Falling Wedge

BTCUSD – Continuation Chart Pattern – Falling Wedge

BTCUSD – Continuation Chart Pattern – Falling Wedge post thumbnail image

BTCUSD is heading towards the resistance line of a Falling Wedge and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Target: 69829.1116 Entry: 69536.56 Stop: 68952.24

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