BTCUSD has broken below it's rising channel, and is now morphing into a ranging pattern.
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- There is a short term trending falling resistance (purple line) that correlates nicely to the drop in RSI; however the lower recovery point on RSI is maintaining just above the oversold range.
- Some good spikes on volume, but generally pretty stable...
- A breakdown of the range will likely see a pull back and retest of the previous resistance in the low 10xxx zone.
#crypto
