BTRST Braintrust: 4H Chart Review
Hello friends, today you can review the technical analysis on a 4H linear scale chart for Braintrust (BTRSTUSD).
1) Since the mega price drop a few months ago, the price has respected an Arc Formation with multiple touch points on the Arc. This is a macro pattern, not looking at the hour by hour price action.
2) The RSI (relative strength index) has also been supported by a multi-month trendline. RSI is out of the oversold region and moving up.
3) The dash lines represent areas of resistance if price goes up.
4) As long as the price stays in the Arc Formation, the price has potential to go up.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
1) Since the mega price drop a few months ago, the price has respected an Arc Formation with multiple touch points on the Arc. This is a macro pattern, not looking at the hour by hour price action.
2) The RSI (relative strength index) has also been supported by a multi-month trendline. RSI is out of the oversold region and moving up.
3) The dash lines represent areas of resistance if price goes up.
4) As long as the price stays in the Arc Formation, the price has potential to go up.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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