1D
Price swept the recent low and we saw a good bounce up into a key level at 35.5–36.5k. Price is currently just above this level and is yet to flip it to support. Price is still sitting under 100 and 200 EMAs. RSI is beginning to make higher highs.
4h
Price has just ran into the 100 EMA and is seeing a rejection. RSI is beginning to show strength and OBV is increasing.
Prediction
Price will begin to compress between the 4h 100 EMA and the 35.5-36.5k region. If this region can hold as support then we should see a move to the next key zone, being 39.5-40.5k. This area is confluent with the 4h 200EMA and 1D 100EMA.
Price swept the recent low and we saw a good bounce up into a key level at 35.5–36.5k. Price is currently just above this level and is yet to flip it to support. Price is still sitting under 100 and 200 EMAs. RSI is beginning to make higher highs.
4h
Price has just ran into the 100 EMA and is seeing a rejection. RSI is beginning to show strength and OBV is increasing.
Prediction
Price will begin to compress between the 4h 100 EMA and the 35.5-36.5k region. If this region can hold as support then we should see a move to the next key zone, being 39.5-40.5k. This area is confluent with the 4h 200EMA and 1D 100EMA.
Note
4h chart
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Regular $100k+ profit daily.
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Join my Discord - see ForgeTrades.com for details.
Follow me on Twitter!
Get discounted fees here:
ftx.com/
partner.bybit.com/b/Forge
binance.com/en/register?ref=13128793
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.