In concordance with the major downtrend in BTC and the last move from $ 7400 to $ 6300, the crypto has been creating a pennant that has a target price of around $ 5300.
With the RSI there was highlighted, in the pair BTC/USD, the overbought condition, when the line is above 70, and oversold condition, when the line is under 30.
Two trend lines on the pair BTC/USD.
The first is not valid yet and the second, created by an accelareted movement of the price, was broke and retested like resistance.
There is an uptrend on the purple rectangle, all the moving averages are on upward and those of less periods are above of the others.
The yellow rectangle indicates a range. The MAs are constantly crossing each other.
A cross of the price or a MA above or under another MA signal a movement up or down respectively.
