Daily review of BTC interval 1D
Hello everyone, I invite you to update the BTC chart, taking into account the one-day interval.
As we can see, the price has broken the downtrend lines, what's more, we can mark the Cap and Handle pattern here. As you can see, the formation begins with an increase and the formation of the first round, we have now returned to the level before the price fell and now we should watch whether the price will form a second but this time smaller round. the formation built in this way is characterized by the exit of the price upwards.
Let's move on to marking the support areas for the price in the event of a deepening correction. As we can see after stretching the Fib Retracement mesh, we have the first support at $20,197, the second at $19,281, the third at $18,588, and the fourth at $17,828.
Looking the other way, it is immediately clear that the price must first break through and then positively test the resistance zone from $20,935 to $21,471, only then will the way open towards the strong resistance at $25,182.
As we can see, the CHOP index indicates that the energy was used for an upward move and we are currently starting to recover it, the MACD confirms the ongoing uptrend, while the RSI shows a small rebound due to the current correction.
When we look at the EMA Cross 10 and 30, we can see that despite the correction, nothing has changed so far and they indicate an upward trend.
As we can see, the price has broken the downtrend lines, what's more, we can mark the Cap and Handle pattern here. As you can see, the formation begins with an increase and the formation of the first round, we have now returned to the level before the price fell and now we should watch whether the price will form a second but this time smaller round. the formation built in this way is characterized by the exit of the price upwards.
Let's move on to marking the support areas for the price in the event of a deepening correction. As we can see after stretching the Fib Retracement mesh, we have the first support at $20,197, the second at $19,281, the third at $18,588, and the fourth at $17,828.
Looking the other way, it is immediately clear that the price must first break through and then positively test the resistance zone from $20,935 to $21,471, only then will the way open towards the strong resistance at $25,182.
As we can see, the CHOP index indicates that the energy was used for an upward move and we are currently starting to recover it, the MACD confirms the ongoing uptrend, while the RSI shows a small rebound due to the current correction.
When we look at the EMA Cross 10 and 30, we can see that despite the correction, nothing has changed so far and they indicate an upward trend.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.