Downside break of ascending channel

21 feb 2018

XBTUSD has dipped below the trendline of the ascending channel. The indicators favor the bears slightly with the macd line crossing below the signal and RSI dipping below 50. A dip below or break above the rectangle pattern (yellow dotted lines) should signal future up or downtrend.

21 feb 2018

Nota

An aggressive but risky entry could be placed on the lower short-term trendline ($10,500) with a target of $11,100. Place a tight sl and trail accordingly

22 feb 2018

Nota