Hello everyone, let's look at the 8H BTC to USDT chart, as we can see, the price has emerged from the triangle at the top and is currently moving along the established upward trend line.
Let's start by setting goals for the near future that we can include:
T1 = $71,112
T2 = $73,880
AND
T3 = $77,415
Now let's move on to the stop-loss in case of further market declines:
SL1 = $69085
SL2 = $67,523
SL3 = $64,892
AND
SL4 = $63,056
Looking at the RSI indicator, it seems that the local upward trend has been broken, which indicates a transition to a downward trend, while on the STOCH indicator we are in recovery, but here a slight price movement brought the indicator to the middle of the range, which may later translate into a greater price rebound.
Let's start by setting goals for the near future that we can include:
T1 = $71,112
T2 = $73,880
AND
T3 = $77,415
Now let's move on to the stop-loss in case of further market declines:
SL1 = $69085
SL2 = $67,523
SL3 = $64,892
AND
SL4 = $63,056
Looking at the RSI indicator, it seems that the local upward trend has been broken, which indicates a transition to a downward trend, while on the STOCH indicator we are in recovery, but here a slight price movement brought the indicator to the middle of the range, which may later translate into a greater price rebound.