💡Don't miss the great buy opportunity in BTCUSD @Bitcoin

10 сент. 2022 г.

Midterm forecast:

While the price is above the support 17600.00, beginning of uptrend is expected.
We make sure when the resistance at 26700.00 breaks.
If the support at 17600.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 18510.75 on 09/07/2022, so more gains to resistance(s) 21919.49, 23500.00, 25211.30 and maximum to Major Resistance (26700.00) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 54.

Take Profits:
21919.49
23500.00
25211.30
26700.00
31765.00
37327.72
42500.00
48189.85
55590.00
64755.00
69000.00
75000.00
80000.00

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