Aurum Markets Blog Technical Analysis Continuation pattern on BTCUSD

Continuation pattern on BTCUSD

Continuation pattern on BTCUSD post thumbnail image

BTCUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 92733.5548 may materialize within the next 2 days.

Supported by Downward sloping Moving Average

Target: 92733.5548 Entry: 93815.3483 Stop: 95224.21

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