The first support we have is at $38-40k in the region around the SMA(50) and the weak resistance from earlier this year.
If that fails, the next area of support is around $31k, which was weak support earlier this year.
There is also an extremely weak area of resistance around $20k, which coincides with the ATH from the last market cycle.
Finally, there is an area of strong resistance stretching back over a year that is around $12k. In these types of patterns, we would expect that resistance area to turn to support in the case a a prolonged downtrend.
If that fails, the next area of support is around $31k, which was weak support earlier this year.
There is also an extremely weak area of resistance around $20k, which coincides with the ATH from the last market cycle.
Finally, there is an area of strong resistance stretching back over a year that is around $12k. In these types of patterns, we would expect that resistance area to turn to support in the case a a prolonged downtrend.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.