Aurum Markets Blog Technical Analysis BTCUSD approaching support of a Falling Wedge

BTCUSD approaching support of a Falling Wedge

BTCUSD approaching support of a Falling Wedge post thumbnail image

An emerging Falling Wedge has been detected on BTCUSD on the 15 Minutes chart. There is a possible move towards 117219.2098 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by Downward sloping Moving Average

Target: 117219.2098 Entry: 117618.95 Stop: 118544.21

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