Price is currently in an uptrend and is respecting the support line perfectly. It broke several previous major resistance levels the latest one being at $42,601. If this daily candle closes above this level my next longterm view on BTC is to reach the daily supply zone and $55,000. If price would reach this supply zone and no rejection is seen then we most...
#DOTUSDT 1h chart Price is currently in the daily supply zone but no strong rejection have been seen. It is also in an ascending triangle pattern and trading above the EMA ribbon. MacD is showing weakness for bears and MacD lines are preparing to cross and become in a bullish territory. I expect price to retest the 1h demand zone before going up again. Our second...
#BTCUSDT 1h chart Price is in a downtrend and is currently at the $38,400 level. However, we have a strong bullish divergence on RSI and MacD is in a bullish territory, plus we have an untested 1h Supply zone. All of those indications suggest that price will most likely go up, break the trend and trade above the EMA ribbon again targeting the 1h supply zone at $40,600.