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BTC:USD: Returning to the neutral zone

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
dragononcrypto  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT Bitcoin (Cryptocurrency) tether
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trendanalysis chartpattern indicator btcusd btcusdt bitcoin tether
Despite popular belief, BTCUSDT is still holding within a form of pennant based on the Daily Line graph.

  • RSI positive divergence is still tact and currently facing resistance attempting to climb back into the neutral zone (40).
  • Immediate prices to watch: A break and close below $6,250 (pennant support) or a above $6,500 (pennant resistance).
  • Long-term descending resistance trend line is currently lined up at $6,700.
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