Bitcoin has broken through $10.560 and found resistance at $10.800.
Now the $10.560 has been retested and the price of Bitcoin is in a Falling wedge, which is a bullish formation.
I expect the gains of Bitcoin to be extended today, reaching $10.800 area.
Bitcoin has broken through 20 and 50 EMA and retested 50 EMA ($10.560), as long as BTC is above...
USDJPY is in range which can be also considered as a bull flag.
Technical aspects of the chart.
20 and 50 EMA buy signal was given.
MACD is on a first buying tick after three selling waves.
Broke out from head and shoulders formation.
Strong bounce from uptrend line.
Testing key resistance of 105.480
Buy the breakout.
Take profit slightly below...
CAD/JPY is testing strong support level, it's likely to move upside from here.
Here is the Setup I am going with.
#164 CAD/JPY Buy Limit ♨️
TP 80.651 (28) —> 80.609 (23.9)
SL 80.271 (-10)
Good luck with this trade!
Hey, I am back with another Crypto Analysis, focused on Polkadot.
Last time I was making an analysis on DOT, I was pretty bullish on it and bought at $4.35, which is not the best entry, but remember the point of making money is about to be, able to take your profit at a good level !