BTC price has been within a descending triangle for a long time. Also, there has been a historical support/resistance region in the 9048-9333 area since June 2019. Currently price is within this price region whereby price has pierced into the upside. We are looking out to see if price will be maintained above the support. Alternatively, we may also get a...
Price broke above the upper channel and came back down to retest the region. This price area is having confluence with support area which was previous resistance. If support holds, we will enter buys at 1500 and have a TP of 1510. Happy Trading
price has just completed wave 3 impulsive move. This coincides with supply zone where we anticipate a drop in price from this area. we will be looking out for shorts on this region as the price makes corrective wave 4 move. Happy Trading.
Price is just about to complete a correctice wave ABC, whereby the correction intersects with the ascending trendline. We shall be looking for buys around 68.7 area, where price touches the trendline, as we anticipate and impulsive move from here. We anticipate a target of 69.8 area.
price is approaching key support area. Once the price gets to the support area, we expect the price to bounce off the support area, therefore we are looking out for buys till the next resistance level.
Price is currently at a key area which was a previous support. This area also happens to have touched the ascending trend line. we will be looking out for how price behaves at this area. If price breaks downwards below the support area, we will be looking for a retest below the support and open short positions. However, if price bounces off the ascending...
Price has been moving in a descending triangle on the hourly chart . price finally touched the lower channel about the 7300-7400 area. And since price did not break downwards on the lower channel, we have seen a strong bounce all the way up . We expect the price to continue rallying upwards till about 9000 which happens to be the upper channel and also the next...
Price is approaching the support region. We shall be looking out for buys this coming week aroound 0.6810- 0.6800 area if price does not break below the support area . First target shall be on the next resistance area 0.6880-0.6890. We target about 70-80 pips.
Price has been moving in an upward channel this past week. currently the price is just about touching the upper trend line. This coincides with the highlighted resistance level. These two characteristics forming confluence that we may have reached a strong Resistance level. We will be looking out for shorts this coming week amount this area if price fails to break...
