As many analysis-ts and chartists have already drawn downward wedge
which has give breakout . Breakout which occurred at 8100 and took the price near 9200 from where a correction is seen till 8225. A beautiful cup with handle has formed in daily which can give breakout above 8950 and target for longs to be 10200 . In this correction or i would say profit booking Btc
has tested its downwardtend trend line
which is a good for buying opportunity. So a long can be initiated with an stop loss of 7900 for the target of 10200 and above . Resistance of 9200-9300 would be breached as its getting tested for second time . Also it shows in daily chart
, daily candles have long tale in this correction .
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