BTC/USD: Returning to the neutral zone

[dragononcrypto]

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.