BTC
Btc is struggling to break the Down trend line which has been acting as a strong form of resistance.
As we make our way to the divergence point, it will be important to watch for a break out in either direction, i suspect a bounce from resistance to support at around 7500, followed by a further testing of the resistance.
Bollinger bands indicate we may be oversold, which further implies that a bounce off of the resistance line is probable, but we have to keep in mind that Fomo plays a big role when coming up to important price points, will the bulls decide to push the price up? we wont know until it happens.
As we make our way to the divergence point, it will be important to watch for a break out in either direction, i suspect a bounce from resistance to support at around 7500, followed by a further testing of the resistance.
Bollinger bands indicate we may be oversold, which further implies that a bounce off of the resistance line is probable, but we have to keep in mind that Fomo plays a big role when coming up to important price points, will the bulls decide to push the price up? we wont know until it happens.
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Declinazione di responsabilità
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.