BitcoinLong
Approaching the second Resistance. Still Long.
An inverted Head and Shoulder was completed on 1H and the price is now trading sideways on its 6,700 - 6,800 neckline (CCI = 17.8139, Highs/Lows = 0). 5H remains a Channel Up (RSI = 57.768, Highs/Lows = 15.8509) serving our bullish purpose but a new Higher High near 6,960.40 is required by tomorrow in order to sustain the trend (TP = 6,989 and 7,309.30). The volume has decreased (18.71K) but the price is still being rejected near the 6,900 Resistance but supported on the 6,500 support. Based on the similarities between the two identified patterns, we expect a Resistance test next.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.