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

Will BTCUSD have enough momentum to break support?

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

A Falling Wedge pattern was identified on BTCUSD at 87118.43, creating an expectation that it may move to the support line at 86001.0985. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 86001.0985 Entry: 87118.43 Stop: 88502.09

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