1D chart - BTS is closing to support 0.00002072 against BTC. Falling wedge pattern and RSI bullish divergence suspects potential trend reversal and so buying opportunity may develop. RSI and MACD to confirm and Ichimoku related signs should be considered as well. Potential TP zones are – 0.000065-0.000069 (0.618 fibonacci of latest uptrend); 0.000097 (0.382 fibonacci of latest uptrend) and 0.0000141 levels. What do you think? Please note these are my personal thoughts on potential price movement – please trade carefully!
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Apologies for the typo in last TP level - please take note of my correction: Potential TP zones are – 0.000065-0.000069 (0.618 fibonacci of latest uptrend); 0.000097 (0.382 fibonacci of latest uptrend) and 0.000141 levels.
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With breaking support and with the new lower low RSI divergence pattern fails. Price touches lower line of wedge. Need to wait for further price movements whether new bullish reversal signs may appear. Waiting.