Hi Guys Hope you well.
According to the previous analysis, the price was able to move up from the support zone. According to the chart, I expect such a move.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the low time.
SecondChanceCrypto
⏰25/JULY/23
⛔️DYOR
Always do your research .
If you have any...
Hello,
I foud a little ascending triangle signaling a bullish breakout at this area, maybe for a target of next resistance zone.
What do you think ? Maybe there is a link with American building permits upcoming.
Best regards,
Baptiste
The situation of the stochastic relative strength index is clear, BTC seems to have drawn an obvious ABCD setup as a formation and moreover, an overt bear flag. If we take into account the existence of volatility and fear, a negative trigger can bring very heavy sales.
H4 - After the big bearish move which started on the 13th of February 2020, currently it looks like a correction is happening in the form of a range.
H1 - Price has currently bounced from the top of the range.
Until this top (resistance) shown in the chart holds, my short term view remains bearish here.
50 EMA Is A good resistance we have going for us right now. Will be helpful on our way down to 8400 before we find some really good support for a tad bit.
