BTCUSD Daily Chart update - June 2, 2018

https://www.tradingview.com/x/cdYJVbu0/

Consolidation continues. Yesterday we stayed in the recent tight range and had a doji on daily. Today we should test the upper range again at $7,550-$7,600. MACD is about to cross up. Above $7,600 we should quickly get to $7,800-$7,900. There is a lot of resistance above. 20 day EMA at $7,827, trend line coming from the top around $8,000, 50 day EMA currently at $8,222, 200 EMA at $8,496 and the bottom of the cloud.

Weekly: Down

Daily: Up

4 hour: Up

1 hour: Up

Prediction for the day

A move higher to $7,800

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