BTCUSDT likely to move higher from daily support
The price action is suggesting BTCUSDT is very bullish. The same is confirmed from the last weekly candle close. This is just fantastic and says that coming weeks will have a very positive price action. We are currently in a small correction phase which shall end around 41700. We quite reached 8o 41900 so it could be that its the end of correction or if not then just a small push to that daily support zone and we are ready to move higher.
Nota
Our expectation was correct and the price bouced well from the daily support after completing that small correction where it dipped into that daily support zone DS1. Last weekly candle close was conveying this in advance and we did notice that to take this long. The move has been fantastic till now and I expect it to move further. We have to be a bit cautious when the price reaches daily resistance DR1. I believe the price will feel some hesitation there and may experience a pullback. Therefore, booking some profit around that zone is favorable. Lets see how the price action goes from here onwards. I will post update if I observe any interesting development.
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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.