BTCUSD Bearish pennant or reversal pattern? MACD, RSI are good

1 Jun 2021

Hello, all

• Here is my personal view on BTCUSD market. We are still in bearish trend and are now forming a clear continuation pattern - bearish pennant. If it works as supposed too, we can see a drop to a next strong support zone, which is around 24,000.
  
  On the other hand if this is a symmetrical triangle, then we can touch a 42,000 resistance level.
  
  MACD on 1D looks good. RSI on 1D looks good and shows potential bullish trend.
  
  I personally stay out of trading until I see a clear breakout.