Aurum Markets Blog Technical Analysis Possible breach of support level by BTCUSD

Possible breach of support level by BTCUSD

Possible breach of support level by BTCUSD post thumbnail image

A Falling Wedge pattern was identified on BTCUSD at 112629.49, creating an expectation that it may move to the support line at 110173.0200. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 110173.02 Entry: 112629.49 Stop: 115744.56

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