Hi everyone
KEY POINTS on the chart:
price is moving into an upward channel
this channel could be part of a bearish flag pattern
price is hovering around ema200 (white line)
ema 50 (purple line) may cross below ema 200 (death cross) in coming days
our main resistance level is 31.65
our main support level is 24
SO................................
depends on the price action above 31.65 is strong bullish and below the 24 is strong bearish
the green area on my chart can hit if the price drops below the support level.
Enjoy the market
KEY POINTS on the chart:
price is moving into an upward channel
this channel could be part of a bearish flag pattern
price is hovering around ema200 (white line)
ema 50 (purple line) may cross below ema 200 (death cross) in coming days
our main resistance level is 31.65
our main support level is 24
SO................................
depends on the price action above 31.65 is strong bullish and below the 24 is strong bearish
the green area on my chart can hit if the price drops below the support level.
Enjoy the market
Trade active:
market seems to get ready for strength bull trend but on daily BTC chart we still need to make sure the price do not drop sharp. it could be bull trap but I suggest you can take the risk to long with proper stop loss. money management is really important to get succeed
Enjoy the market
Enjoy the market
Comment:
Comment:
