BTCUSDT $25150 Weekly Update & ALGO & SAND August 14 2022 W#33
BTCUSDT $25150 Weekly Update & ALGOUSDT SANDUSDT August 14 2022 W#33
BTCUSDT ($25150) bulls are now moving towards the D100ema at 26k after temporarily breaking the 3D21ema at 24000
Indicators (MACD/RSI) from 12h up to 3D are pointing up. This indicates that bulls are controlling the short-medium term trend even though it took over 3weeks to break the 3D21
The D RSI trendline is holding its support level as now. If the RSI breaks that trendline, that could be one of the indication of the short term reversal
Additionally, The 2D/3D macd are have note yet crossed negative
So 2 things to keep an eye on in the next few weeks are:
*1)The D RSI to break the trendline line
2)The 2D/3D macd to cross negative*
ETHUSDT resistance is still the 19550-2150.
This level coincides with the W21ema, W25MA & the 0.5fib retracement.
The downside target support remains ~1350-1250 range
Put Sl ~13-15% above avg
*ALGOUSDT($0.37)*
Now above the 3D 21ema with a 3D bull divergence
Resistances
0.41-0.43 (D10ema)
0.48-0.51 (350D)
Bulls have also a trendline Support at
0.33-0.31
*SANDUSDT($1.37)*
Now above the 3D 21ema and bears fail to show a strong rejection.
With the BTCUSDT bulls pushing towards the D100ema, Sandusdt bulls could look to push toward its 3D50
Resistance
1.72-1.75 3D50
2.00-2.10 3D100
Bulls also have support at
1.15-1.133
BTCUSDT ($25150) bulls are now moving towards the D100ema at 26k after temporarily breaking the 3D21ema at 24000
Indicators (MACD/RSI) from 12h up to 3D are pointing up. This indicates that bulls are controlling the short-medium term trend even though it took over 3weeks to break the 3D21
The D RSI trendline is holding its support level as now. If the RSI breaks that trendline, that could be one of the indication of the short term reversal
Additionally, The 2D/3D macd are have note yet crossed negative
So 2 things to keep an eye on in the next few weeks are:
*1)The D RSI to break the trendline line
2)The 2D/3D macd to cross negative*
ETHUSDT resistance is still the 19550-2150.
This level coincides with the W21ema, W25MA & the 0.5fib retracement.
The downside target support remains ~1350-1250 range
Put Sl ~13-15% above avg
*ALGOUSDT($0.37)*
Now above the 3D 21ema with a 3D bull divergence
Resistances
0.41-0.43 (D10ema)
0.48-0.51 (350D)
Bulls have also a trendline Support at
0.33-0.31
*SANDUSDT($1.37)*
Now above the 3D 21ema and bears fail to show a strong rejection.
With the BTCUSDT bulls pushing towards the D100ema, Sandusdt bulls could look to push toward its 3D50
Resistance
1.72-1.75 3D50
2.00-2.10 3D100
Bulls also have support at
1.15-1.133
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Related publications
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.