Cabana Capitals Blog Technical Analysis BTCUSD – Continuation Chart Pattern – Channel Up

BTCUSD – Continuation Chart Pattern – Channel Up

BTCUSD – Continuation Chart Pattern – Channel Up post thumbnail image

An emerging Channel Up has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 58403.4029 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by Downward sloping Moving Average

Target: 58403.4029 Entry: 59628.1 Stop: 60666.01

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