Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: dragononcrypto on October 14, 2018, 01:39:54 PM
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13/10/2018
Source: https://www.tradingview.com/chart/BTCUSDT/Iy2X2kP4-BTC-USD-Returning-to-the-neutral-zone/
Despite popular belief, BTC is still holding within a form of pennant based on the Daily Line graph.
- RSI positive divergence is still tact and currently facing resistance attempting to climb back into the neutral zone (40).
- Immediate prices to watch: A break and close below $6,250 ( pennant support) or a above $6,500 ( pennant resistance).
- Long-term descending resistance trend line is currently lined up at $6,700.
(https://i.imgur.com/xdJusxK.png)