#BTC
Medium is still bullish, indicators look positive. On a month scale, the formation of a green candle is visible, which can continue to increase and touch the upper edge of the downward channel.
Medium is still bullish, indicators look positive. On a month scale, the formation of a green candle is visible, which can continue to increase and touch the upper edge of the downward channel.
Comment:
Comment:
At 12 o'clock, there is an opportunity to work out a symmetric triangle pattern, which is a bullish sign in the current situation, but you shouldn’t exclude the possibility of continuing to move sideways for a while, as the resistance is rather strong.
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#BTC
On a 1-week scale, we are still close to oversold, the RSI has a good chance of moving up. In case of crossing, MACD will be bullish and will also show positive signals. The resistance of 4200, which has formed above us, keeps the market from the next wave of growth, as the area above does not demonstrate particularly strong obstacles and the achievement of the level of about 5000 is very likely. This scenario can take several weeks to a couple of months.
On a 1-week scale, we are still close to oversold, the RSI has a good chance of moving up. In case of crossing, MACD will be bullish and will also show positive signals. The resistance of 4200, which has formed above us, keeps the market from the next wave of growth, as the area above does not demonstrate particularly strong obstacles and the achievement of the level of about 5000 is very likely. This scenario can take several weeks to a couple of months.
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The current breakdown is not critical, at current levels there is good support, but slightly lower (3665) support looks even denser. In the medium term, the market is still set to move up and the scenario described above is still relevant. In fact, we are moving in the corridor 3665-4300, the market forms a side, the way up from the corridor will be a positive event, a negative downward event.
The current breakdown is not critical, at current levels there is good support, but slightly lower (3665) support looks even denser. In the medium term, the market is still set to move up and the scenario described above is still relevant. In fact, we are moving in the corridor 3665-4300, the market forms a side, the way up from the corridor will be a positive event, a negative downward event.