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#BTC/USDT ANALYSIS
It bounced from the horizontal support and currently rejecting from the horizontal and trendline resistance. Point of control resistance is coming at $30,530. MACD crossover is showing bullish momentum. We might see some sideways consolidation in the current range and a sustain breakout/breakdown will further confirm the next move of it.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it is FINANCIAL ADVICE.
#BTC/USDT ANALYSIS
It bounced from the horizontal support and currently rejecting from the horizontal and trendline resistance. Point of control resistance is coming at $30,530. MACD crossover is showing bullish momentum. We might see some sideways consolidation in the current range and a sustain breakout/breakdown will further confirm the next move of it.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.
Thank you
As expected BTC got rejected from the upper horizontal resistance and is currently holding above the lower support of this symmetrical triangle pattern. RSI is in an oversold region.
We can expect some bounce from here but a certain breakout or breakdown will confirm its next move.
Stay tuned