Analysis of BTC USD
BTC facing huge resistance at the falling trend line resistance on the weekly chart nevertheless the bulls are trying to push for a breakout with descending broadening wedge forming it may happen.
10500 is a key level for me if we break the trend with momentum and close above it, there is a big chance we could test the highs of 2019, but...
Today’s Technical Analysis – LINKBTC - trading in a clear long term uptrend putting in consecutive higher lows.
Points to consider,
- 200 MA support confluence
- Double top resistance
- Structural support (trade location)
- Stochastics projected own
LINKBTC has been respecting the 200 MA where a retest usually ends with an impulse move up. Structural...
Silver (AUD)- Monthly chart. Potentially forming a Double bottom .
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom .