Bitcoin has been in an uptrend on the past week, and is currently under pressure, backtesting a critical support level. It is at a critical decision point.
It is in the process of forming a head and shoulders pattern. A confirmation is needed, however. A break below the neckline would put the downside target at 21k, where it would meet other support zones including the 50 week EMA and volume profile resistance.
A break outside of the upper descending channel would put a price target of 41k.
Not to taken as financial advice, just for entertainment purposes only
It is in the process of forming a head and shoulders pattern. A confirmation is needed, however. A break below the neckline would put the downside target at 21k, where it would meet other support zones including the 50 week EMA and volume profile resistance.
A break outside of the upper descending channel would put a price target of 41k.
Not to taken as financial advice, just for entertainment purposes only
Комментарий:
Bounced off support zone, now holding onto an ascending channel bottom. Needs to hold above around 34k on higher timeframe closes, for upward momentum to continue.
Сделка закрыта: достигнута тейк-профит цена