BTCUSD - W - Ready for the breakout?
Price is compressing in a triangle pattern, volumes are decreasing meaning that we are almost ready for the breakout.
RSI shows a downtrend and the continuation or breakout of that dynamic resistance, with high volumes, may be the hints we are looking for.
1st scenario:
RSI continuation of the downtrend and breakout of the price downwards.
First TP@7390
2nd scenario:
RSI breakout of the downtrend and breakout of the price upwards.
First TP@16200
RSI shows a downtrend and the continuation or breakout of that dynamic resistance, with high volumes, may be the hints we are looking for.
1st scenario:
RSI continuation of the downtrend and breakout of the price downwards.
First TP@7390
2nd scenario:
RSI breakout of the downtrend and breakout of the price upwards.
First TP@16200
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