Today's analysis we have a falling wedge even though we do not have convergence in the MACD, so we conclude that it might make a correction looking for strength again to try to reach the first target of $8,000-$8,500.
We need to wait for the break out of the resistance line at $7,700 to take a safe position. We have a double bottom at $7445 that might reverse the downtrend by breaking out the resistance line.
Make sure to operate once you have convergence in all the indicators. It has been more than 12 days in this lateral market that is still accumulating volatility. Don't forget to operate with Stop Loss in a market with high volatility because it is the only way to keep your capital safe.
TIPS
Take a safe position
Use take profit
Always use Stop Loss
Patience
Follow us:
Instagram: www.instagram.com/ec.crypto/
Twitter: twitter.com/EcCrypto_USA?lang=en
We need to wait for the break out of the resistance line at $7,700 to take a safe position. We have a double bottom at $7445 that might reverse the downtrend by breaking out the resistance line.
Make sure to operate once you have convergence in all the indicators. It has been more than 12 days in this lateral market that is still accumulating volatility. Don't forget to operate with Stop Loss in a market with high volatility because it is the only way to keep your capital safe.
TIPS
Take a safe position
Use take profit
Always use Stop Loss
Patience
Follow us:
Instagram: www.instagram.com/ec.crypto/
Twitter: twitter.com/EcCrypto_USA?lang=en