Technical market overview:
The BTC/USD pair has again attempted to move up and break through the technical resistance zone located between the levels o f$4,076 - $4, 104, but so far failed to do so. Nevertheless, the bulls are still trying despite the last candle signal that looks like a Shooting Star. If they manage to break out higher, then the next immediate target is sth top for the wave (x) at the level of $4,122.
Weekly Pivot Points:
WR3 - $4,204
WR2 - $4,154
WR1 - $4,072
Weekly Pivot - $4,017
WS1 - $3,925
WS2 - $3,867
WS3 - $3,781
Trading recommendations:
There is another good trading setup for bears: opening sell orders in the area of $4,077 - $4,104 with a protective stop loss just above the level of $4,122. The take profit level will remain open for now, but the first one would be seen at the level of $3,967.
Posts
Posts
No comments:
Post a Comment