MEX_Exchange

Bitcoin has made a Bullish Exit From Descending Channel

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BITFINEX:BTCUSD   Биткоин
Price has broken out of our descending channel and its major resistance at 7247 (78.6% Fibonacci retracement, horizontal overlap resistance, channel breakout). Together with the double bottom reversal identified, it has added to our confirmation of a bullish reversal. We can also see that price has crossed over our Ichimoku cloud which is the first precursor of a potential bullish reversal.
RSI (55) has made a bullish exit signalling that we might be seeing a bullish exit in price too. A bullish channel has also been identified.
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