# Crypto Technicals: BTC/USD tests 110-EMA, 'Symmetric Triangle' breach raises scope for downside

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3209
Published: 2019-08-29T04:31:34.000Z
Updated: 2019-08-29T04:31:34.000Z
Section: Investing

> Support: 9525 (110-EMA); Resistance: 9,999 (5-DMA)

[BTC/USD](<https://www.tradingview.com/symbols/BTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 9525 (110-EMA); Resistance: 9,999 (5-DMA)

Technical Analysis: Bias Bearish

BTC/USD extends previous session's weakness, trades 1.18% lower on the day at 9589 at 04:20 GMT.

The pair has shown a breach of 'Symmetric Triangle' pattern raising scope for downside.

Price action has slipped below 38.2% Fib. Technical indicators on the intraday charts are biased lower.

110-EMA is strong support (9525), break below eyes next major support at 9108 (28th July low).

5-DMA is immediate resistance at 9999. Breakout above cloud required for bearish invalidation.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

- [BTC/USD](https://www.tradingview.com/symbols/BTCUSD/)
- [TokenPost](https://www.tokenpost.com)