Aurum Markets Blog Technical Analysis BTCUSD – Continuation Chart Pattern – Rising Wedge

BTCUSD – Continuation Chart Pattern – Rising Wedge

BTCUSD – Continuation Chart Pattern – Rising Wedge post thumbnail image

An emerging Rising Wedge has been detected on BTCUSD on the 4 hour chart. There is a possible move towards 89468.1667 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by Upward sloping Moving Average

Target: 89468.1667 Entry: 88287.47 Stop: 86425.16

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