BTC still runs within the box and forms a consolidation triangle in the downward channel. Monitor now the lower edge of the box, breaking down from which cause a further slide.
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.