BTC is moving in the channel. Two important zones!
Hi everyone.
Today we have marked the channel with blue lines in which the BTC price is currently moving.
Then, with the help of the white arrow, I tried to set the course route for the next few days on which the BTC price may move.
As you can see, we have two important zones:
-the first of them is the support zone which is from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000.
- the second is the resistance zone, which we have from $ 24,696 to $ 26,196 breaking out of this zone may result in further increases above $ 30,000
Currently, the price is moving nicely sideways on our channel, going down to the top of the channel, which can be potentially used for short-term licks.
It is also worth paying attention to the CHOP indicator, which indicates that energy is slowly running out, and the MACD indicator, which indicates that we have entered a local downward trend.
However, please remember that this is not an investment advice.
Today we have marked the channel with blue lines in which the BTC price is currently moving.
Then, with the help of the white arrow, I tried to set the course route for the next few days on which the BTC price may move.
As you can see, we have two important zones:
-the first of them is the support zone which is from $ 20,957 to $ 17,669, if the price drops below the designated zone, we can expect further drops to around $ 12,000.
- the second is the resistance zone, which we have from $ 24,696 to $ 26,196 breaking out of this zone may result in further increases above $ 30,000
Currently, the price is moving nicely sideways on our channel, going down to the top of the channel, which can be potentially used for short-term licks.
It is also worth paying attention to the CHOP indicator, which indicates that energy is slowly running out, and the MACD indicator, which indicates that we have entered a local downward trend.
However, please remember that this is not an investment advice.