BTC/USDT weekly analysis in 27th/Mar/2022
Hi, crypto traders.
Last week, once the candle broke 5MA to the lower side, but it didn't break 20MA and 60MA to the lower side and bounced.
Now the candle keeps over 5MA and it seems the trend is uptrend.
The sequential order is as follows.
The candle > 5MA (red) > 100MA (black) > 20MA (blue) > 60MA (green).
Because the gradient of 20MA and 60MA changed positive, we can say the trend changed to uptrend.
First target will be the highest price in 10th/Feb/2022: 45,800USD.
If the candle breaks 45,800USD to the upper side, the next target will be 50,000USD.
Conversely, if the price goes down, the target will be around 42,000USD.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 45,800USD (The highest price in 10th/Feb/2022)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (The highest price in 27th/Dec/2021)
◇BTC goes down:
– 1st target: 44,000USD (Cross-point with 5MA)
– 2nd target: 42,000USD (Cross-point with 20MA and 100MA)
– 3rd target: 37,000USD (The lowest price in 27th/Feb/2022)
Enjoy your trading.
Last week, once the candle broke 5MA to the lower side, but it didn't break 20MA and 60MA to the lower side and bounced.
Now the candle keeps over 5MA and it seems the trend is uptrend.
The sequential order is as follows.
The candle > 5MA (red) > 100MA (black) > 20MA (blue) > 60MA (green).
Because the gradient of 20MA and 60MA changed positive, we can say the trend changed to uptrend.
First target will be the highest price in 10th/Feb/2022: 45,800USD.
If the candle breaks 45,800USD to the upper side, the next target will be 50,000USD.
Conversely, if the price goes down, the target will be around 42,000USD.
Please refer the following detail of target points next week.
==Target Points==
◇BTC goes up:
– 1st target: 45,800USD (The highest price in 10th/Feb/2022)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (The highest price in 27th/Dec/2021)
◇BTC goes down:
– 1st target: 44,000USD (Cross-point with 5MA)
– 2nd target: 42,000USD (Cross-point with 20MA and 100MA)
– 3rd target: 37,000USD (The lowest price in 27th/Feb/2022)
Enjoy your trading.
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