BTCUSD, 1H: Potential Breakout of Ascending Triangle/Kumo Cloud
After a solid few days of testing resistance at 6400 and posting higher lows, ascending triangle is formed with break up or down expected in the next 36 hours. Price will also breakout kumo cloud on the 1H chart emphasising bullish momentum last few days.
However, volume remains relatively weak meaning positioning requires vigilance.
Stop loss moved into profit around 6240 with buys set should we breakout above 6425.
However, volume remains relatively weak meaning positioning requires vigilance.
Stop loss moved into profit around 6240 with buys set should we breakout above 6425.