BTCUSD should correct to 38.2 Fibonacci
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Very interesting moment.
Price meet resistance on 6200 price level, this is potential reversal zone. But on daily chart RSI now near 70 level, so we can expect upward movement to resistance of channel 6700 price.
If price break this channel up we should expect movement to 7000 — 8000 price levels.
Price meet resistance on 6200 price level, this is potential reversal zone. But on daily chart RSI now near 70 level, so we can expect upward movement to resistance of channel 6700 price.
If price break this channel up we should expect movement to 7000 — 8000 price levels.
Comment:
And don't forget rising wedge is reversal pattern
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