BTCUSD
Atualizado
Hello Traders
Bitcoin stuck for the passed 62 candles around 6538.5 resistance level. Momentum do not have enough strength to push price over that level. Last three candles are remained above trend line, either price will return bellow trend line or rising momentum will push price higher to 6689.4 and to the next level of 7032.9. We are in downtrend.
Rising trend line acts as a support. Let’s wait and see what will happen in the next few hours.
What do you think, what will happen in the next few hours?
Let me know in comments.
Cheers,
Jim
Bitcoin stuck for the passed 62 candles around 6538.5 resistance level. Momentum do not have enough strength to push price over that level. Last three candles are remained above trend line, either price will return bellow trend line or rising momentum will push price higher to 6689.4 and to the next level of 7032.9. We are in downtrend.
Rising trend line acts as a support. Let’s wait and see what will happen in the next few hours.
What do you think, what will happen in the next few hours?
Let me know in comments.
Cheers,
Jim
Nota
Hi,Despite that last few candles closed above trend line, there is no significant change in momentum.
Look like price will remain is site move. Will remain waiting for momentum gain some strength.
Cheers
Jim
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