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angela_altair

BTCUSDT at daily support, likely to head towards 30836

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
angela_altair Atualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD BTCUSDT BTCUSDTPERP btcusdtlong btcusdtidea btcusdtanalysis btcusdttrade
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trendanalysis chartpattern indicator btc btcusd btcusdt btcusdtperp btcusdtlong btcusdtidea btcusdtanalysis btcusdttrade
The price is trading at daily support. The price action is kind of indecisive. However, as long as 29500 level is respected on 4h basis, the price has chance to move upward. Therefore, taking this long as the support is indicating a long. If we lose 29500, the price is likley to head towards 26500. But as long as the current support and 29500 level is not lost, I am inclined towards upward movement.
Comentário:
As per our expectation, the price moved up from the daily support zone DS1 and reached to the 4h resistance zone 4HR1 which is also our first zone for profit taking. So the first milestone is reached, and lets see if we break this resistance and reach to the target 30836.
snapshot
Comentário:
As we can see on lower time frame chart, it is evident that the price is facing resistance and getting rejected at 4h resistance level 4HR1. Lets monitor this to see if it is an opportunity to add to the remaining position or to come out of the remaining trade in profit.
snapshot

Ideias Relacionadas

angela_altair
BTCUSDT at 4h support, likely to move up to 30036
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