In Friday's analysis "How Trump's Policy Will Impact the Crypto Market", we presented a bearish model for the medium-term perspective👇
Today, our key focus is on the $78,300 level (the 4th point of our model), which serves as significant support.
It's important to note the presence of an unfilled gap on CME at the $85,905 level ($85,943 in index terms)👇
We assess the probability of closing this gap in the near term as high – either from current positions or after retesting the $78,300 level.
How will we act?
Today, our key focus is on the $78,300 level (the 4th point of our model), which serves as significant support.
It's important to note the presence of an unfilled gap on CME at the $85,905 level ($85,943 in index terms)👇
We assess the probability of closing this gap in the near term as high – either from current positions or after retesting the $78,300 level.
How will we act?
- If price moves toward $85,943 from current levels, we plan to partially close our #ETH position that was accumulated during the March 11 decline.
- In the scenario of a retest of $78,300, we will consider opening a long position on #BTC with a target of $85,943.
📈 Investing is easier than you're used to
🌐 tsfc.io
🌐 tsfc.io
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.
📈 Investing is easier than you're used to
🌐 tsfc.io
🌐 tsfc.io
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.