It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months).
technical long target ~48k - first major resistance @38k
technical short target ~14k - first major support @24k
Also, pay attention to the bullish divergence in the RSI.
The green path shows the potential upwards movement after breaking the triangle. The red one shows a possible way to reach the bearish target of 14k.
Tbh, I don’t think we will fall below the 2017 ATH (20k). Actually, the fundamentals are looking not too bad and every dip to or below the 24k area should get bought up very aggressively.
Have a great week.
technical long target ~48k - first major resistance @38k
technical short target ~14k - first major support @24k
Also, pay attention to the bullish divergence in the RSI.
The green path shows the potential upwards movement after breaking the triangle. The red one shows a possible way to reach the bearish target of 14k.
Tbh, I don’t think we will fall below the 2017 ATH (20k). Actually, the fundamentals are looking not too bad and every dip to or below the 24k area should get bought up very aggressively.
Have a great week.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。