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BIT- is converging and expected targets
BYBIT:BITUSDT
4H trend chart
-
BIT is squeezing in a triangle, and our resistance is the downtrend line.
On the other hand, price is getting support from the uptrend line.
So, if BIT can overcome the downtrend line, we can do long with strategy as below.
-
Profit Targets:
a) 1.662----Fib(1)
b) 1.731~1.785----Fib(1.272~1.382)
c) 1.914----Fib(2)
Stop losses:
a) Set is at the lowest point of this triangle
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
4H trend chart
-
BIT is squeezing in a triangle, and our resistance is the downtrend line.
On the other hand, price is getting support from the uptrend line.
So, if BIT can overcome the downtrend line, we can do long with strategy as below.
-
Profit Targets:
a) 1.662----Fib(1)
b) 1.731~1.785----Fib(1.272~1.382)
c) 1.914----Fib(2)
Stop losses:
a) Set is at the lowest point of this triangle
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
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