BTCJPY has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 1026683.3991 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Supports and resistances are primary concepts of technical analysis. LTCBTC is heading for an important price of 1.0040E-03 – read about what this could mean for the future.
LTCBTC is en route to a very important line that will be a definite deciding factor of what…
Large bearish move on BCHUSD.
BCHUSD posted a high rate of consecutive bearish candles on the Daily chart.
BTCJPY is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
BTCJPY is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great…