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BTC/USD Daily - correction to Senkou Span line for the ranging or possible bearish reversal

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by , 04-08-2017 at 03:50 PM (505 Views)
      
   
Daily price is near and above Ichimoku cloud in the bearish area of the chart. The price was on secondary correction by the testing support level at 1,152 located near Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart.

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If the price breaks 1,152 to above on daily close bar so the primary bullish trend will be resumed, otherwise the price will be on ranging with the good possibility to the bearish reversal.

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