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Despite the bearish outlook of the current charts, we are still prime to run up to $18k before discovering an all-time low for 2022. The current market became overbought at about $16,840. The entry zone is indicated on the chart. We also confirmed entry on the 3 min and 5 min chart candle cross-over. Once the final take profit point is reached, I believe the reversal will be swift in another attempt to test 18k.
Safe points to take profit:
T1: 0.28%
T2: 0.69%
T3: 1.42%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Despite the bearish outlook of the current charts, we are still prime to run up to $18k before discovering an all-time low for 2022. The current market became overbought at about $16,840. The entry zone is indicated on the chart. We also confirmed entry on the 3 min and 5 min chart candle cross-over. Once the final take profit point is reached, I believe the reversal will be swift in another attempt to test 18k.
Safe points to take profit:
T1: 0.28%
T2: 0.69%
T3: 1.42%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.