On the 3D it is looking likely to test down to the green 50EMA ($9000 area), which is also confluent with the red heart-line in the channel.
- The 3D stochs, MACD and RSI are looking weak and signal lower prices.
On the Weekly chart, there has been three consecutive candle closes below the red 10 SMA, this provided good reason to believe it will test the yellow 21EMA ($9000 area).
- The Weekly Stochs and RSI look very weak. But the MACD just had a fresh cross to the downside, this reinforcing a move to the $9000 region.
On the Daily chart BTC just confirmed a close below the cyan 89EMA which hasn't happened since March. This would hint at a move to the heart-line but also to the purple 200EMA that is a bit lower then 9000 coming in around $8400-8500. I would say that it is more likely for the 3D and Weekly targets at $9000 to support BTC, over the daily.
- Daily Stochs, RSI and MACD all bearish.
The 12H chart is currently supporting the price, resting on the purple 200EMA. Similarly the 2D chart is being supported by the green 50EMA which I feel like will hold BTC for now.
Overall, BTC is likely to hold here for a little while due to the key support we are on, but it is likely to fail and BTC is going to head down to around $9000.
- The 3D stochs, MACD and RSI are looking weak and signal lower prices.
On the Weekly chart, there has been three consecutive candle closes below the red 10 SMA, this provided good reason to believe it will test the yellow 21EMA ($9000 area).
- The Weekly Stochs and RSI look very weak. But the MACD just had a fresh cross to the downside, this reinforcing a move to the $9000 region.
On the Daily chart BTC just confirmed a close below the cyan 89EMA which hasn't happened since March. This would hint at a move to the heart-line but also to the purple 200EMA that is a bit lower then 9000 coming in around $8400-8500. I would say that it is more likely for the 3D and Weekly targets at $9000 to support BTC, over the daily.
- Daily Stochs, RSI and MACD all bearish.
The 12H chart is currently supporting the price, resting on the purple 200EMA. Similarly the 2D chart is being supported by the green 50EMA which I feel like will hold BTC for now.
Overall, BTC is likely to hold here for a little while due to the key support we are on, but it is likely to fail and BTC is going to head down to around $9000.
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- Weekly Chart
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- Daily Chart
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12 Hour