BITCOIN / MEXICAN PESOS
Giá lên

Is this a clear path for BTCMXN?

115
I would say no actually. The chart does not review too many signals, however, using two peaks to build a Gartley pattern still makes sense here. Now let’s see this pattern, first I have to say that some moves do not accurately fit the Fib levels. I still consider it a Gartley pattern. As can be seen, the point D is just the last point, which is also a breakout. You can see that some candles break out from the lower band of Bollinger bands.
So are you persuaded by the pattern?
If not, you can take a look at the RSI and MACD lines. Those two lines are going down now. Don’t worry. The blue line of MACD is already going up now and could form a cross in the near future which is a signal of an upward trend.
In conclusion, let’s expect the price to go up in the near future, and we are just at the support point.

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