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BTC/USD Breaks Out of Downside Channel, Poised for Further Upside

BTC/USD Breaks Out of Downside Channel, Poised for Further Upside
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BTC/USD has been trading downside yesterday and I found exhaustion and breakout of the mini downside channel, which is good sign for the further growth. Due to the rejection of the key support at $26.500 and the exhaustion pattern, I see potential for the further growth towards upside references.

 

Upisde objectives are set at the price of $27.560 and $28.000 MACD and RSC oscillators are showing bullish divergence, which is another good confirmation for the further upside movement. Key support cluster is set at the price of $26.500

 

btc usd breaks out of downside channel poised for further upside grafika numer 1btc usd breaks out of downside channel poised for further upside grafika numer 1


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