Downside break of ascending channel
Updated
XBTUSD has dipped below the trendline of the ascending channel. The indicators favor the bears slightly with the macd line crossing below the signal and RSI dipping below 50. A dip below or break above the rectangle pattern (yellow dotted lines) should signal future up or downtrend.
Note
An aggressive but risky entry could be placed on the lower short-term trendline ($10,500) with a target of $11,100. Place a tight sl and trail accordinglyNote
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