Today's analysis we have a falling wedge even though we do not have convergence in the MACD, so we conclude that it might make a correction looking for strength again to try to reach the first target of $8,000-$8,500. We need to wait for the break out of the resistance line at $7,700 to take a safe position. We have a double bottom at $7445 that might reverse the...
So right now, we are in an indecisive market where the price movement is lateral. As we can see in this chart, we have two major resistance lines at $140 and $167 as well as two major support lines at $109 and $90. The MACD is probably indicating an oversold scenario, so if the price breaks the resistance of $140 then the price might try to reach the moving...
Hi Traders!! If the candlestick breaks the resistance line then we expect to see an uptrend that might generate a profit of $200- $500 for each BTC. If the candlestick breaks the support line then we expect to see an downtrend that might generate a profit of $200- $500 for each BTC. JUST PATIENCE Follow us in Instagram www.instagram.com
We are in a scenario where the resistances and supports play a funamental role, for today's trade we hope that we cut the resistance or support, if we cut the support we will go short until 7.8k-7.7ko if we cut the resistance we can go long , and it will be a long time because we have the BTC with several days trying to go up in price and could not. SHORT to 7.7k...